Investment Updates News
- Deutsche Bank may invest in Sanjiu
Date: 11-Jan-2007 Sources: (Shenzhen Daily)
A DEUTSCHE Bank AG group is among investors bidding to restructure Sanjiu Enterprise Group and take a stake in the drugmaker, Sanjiu said yesterday.
Sanjiu will choose a strategic investor by the end of this month, the company's listed unit, Sanjiu Medical & Pharmaceutical Co., said in a statement. It didn't specify the size of the stake. Sanjiu Medical is among companies facing a government probe over the misuse of funds by existing investors. China will prosecute the controlling shareholders of 17 listed companies including Sanjiu Medical for misappropriating 9.2 billion yuan (US$1.18 billion).
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