|
Harbin Pharmaceuticals Stage: LBOs and Special Situations Date of Investment: 2005 Web Site : http://www.hayao.com Stock Symbol : SHG: 600664 |
 |
Based in Harbin City, the capital of Heilongjiang Province, China, Harbin Pharmaceutical Group Company Limited is one of the largest pharmaceutical companies in China. Listed on the Shanghai Stock Exchange with, Harbin is a large scale and efficient manufacturer and distributor of generic antibiotics drugs and one of the best known branded marketers of OTC and nutritious supplement products in China. In 2005, Warburg Pincus led an investment consortium composed of CITIC Capital Markets and Chenergy in investing $251 million for a 55% controlling stake in Harbin Pharmaceutical Group Holding Company Limited, Harbin’s parent company whose main asset is its controlling ownership in Harbin.
