Hillhouse to pick stake in Shanghai-listed drug maker Joincare for $310m

Hillhouse to pick stake in Shanghai-listed drug maker Joincare for $310m

Source: Laurynas Mereckas/Unsplash

Shanghai-listed Chinese drug maker Joincare Pharmaceutical Group Industry has entered into an agreement to raise up to 2.17 billion yuan ($310 million) from Asia-focused Hillhouse Capital Management through a private placement.

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