Zhejiang Hisun Pharma Invests in U.S. Biotech Company

Zhejiang Hisun Pharmaceutical Co. has agreed to invest $5 million in Photolitec LLC, Buffalo, NY, which develops photosensitizing used to identify cancer through medical imaging technology. Zhejiang Hisun Pharmaceutical is listed on the Shanghai Stock Exchange and manufactures active pharmaceutical ingredients as well as pharmaceutical products.

Bright Dairy Makes Highest Offer for Yoplait

China's Bright Dairy & Food has reportedly submitted the highest offer to acquire a 50% stake in Sodiaal which owns the Yoplait yogurt brand, valuing the business at Euro 1.7 billion. The 50% shareholding in Sodiaal is being sold by French private equity group PAI Partners. However it is not yet clear if paying the highest price will be sufficient for Bright Dairy to prevail in this situation.