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Thursday, November 26, 2015
Alibaba Partner's Medical Equipment Arm Aims To Raise $438 Mln For Expansion
China billionaire Wu Guangming-controlled Jiangsu Yuyue Medical Equipment and Supply plans to sell up to 100 million new shares, raising 2.8 billion yuan, or $438 million, to help pay for new manufacturing facilities to supply China’s growth healthcare-related market.