China Medical System aims to raise $129 million from Hong Kong IPO

The pharmaceutical services company fights for investor attention along with 10 other Chinese companies that plan to launch small to mid-size share sales in Hong Kong or the US this month.

China Medical System Holdings, a Chinese pharmaceutical services company, is looking to raise up to HK$1 billion $129 million from a Hong Kong initial public offering to fund its business expansion.

The company is joining more than 10 other Chinese companies with plans to launch small to mid-size new share sales in the Hong Kong or US equity markets this month, suggesting there will be a fight for investor appetite for mid-cap Chinese enterprises.

The competition will be...

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