China’s Junzheng unit picks up 31.17% stake in Wuhan Docan for $160m

China’s Junzheng unit picks up 31.17% stake in Wuhan Docan for $160m

Lhasa Shengtai Information Technology Company Limited, a subsidiary of Chinese energy & chemical player Inner Mongolia Junzheng Energy & Chemical Group Co.Ltd, is set to acquire 31.17 per cent stake in biotech firm Wuhan Docan Pharmaceutical Co.,Ltd for 1.12 billion yuan ($160 million), per a filing with the Shanghai Stock Exchange (SSE).