China's Hua Medicine plans to raise $400m in HK IPO led by Goldman

China's Hua Medicine plans to raise $400m in HK IPO led by Goldman

A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing

Chinese drug developer Hua Medicine is planning to raise at least $400 million in an initial public offer in Hong Kong in the latest in a series of biotech floats in the city, said people with knowledge of the matter.

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