China-focused private equity firm China New Enterprise Investment (CNEI) has invested $25.4 million in Shanghai Fudan-Zhangjiang Bio-Pharmaceutical, according to media reports. Founded in 1996, Shanghai Fudan-Zhangjiang Bio-Pharmaceutical listed on the Hong Kong Growth Enterprise Market (GEM) in 2002. It wasn't clear how many new shares CNEI obtained from this investment. CNEI reportedly invested over $20 […]

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