Shares In Chinese Billionaire Cao Longxiang's Pharma Firm Dive To '14 Low

Shares in Hubei Hongcheng General Machinery, a pharmaceutical maker controlled by Chinese billionaire Cao Longxiang, fell by 8.7% to a seven-month low at the Shanghai Stock Exchange yesterday on worries that its share price had gotten ahead of the company’s earnings prospects. Hubei Hongcheng General Machinery shifted its main business from [...]

 

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