Shanghai Pharma is raising funds for drug-making assets

By Daryl Loo and Fox Hu | China Daily | Updated: 2011-05-04 07:56

A booth of Shanghai Pharmaceuticals Holding Co at the Shanghai industrial fair. The company is to raise funds from investors including Temasek Holdings Pte and Pfizer Inc to acquire more drug-manufacturing assets in China. Yang Mingjing / for China Daily

BEIJING/HONG KONG - Shanghai Pharmaceuticals Holding Co is raising $550 million from investors including Temasek Holdings Pte and Pfizer Inc to fund acquisitions in the world's fastest-growing major economy.