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Zhong Lun Represents SAIL in its US$ 50 Million Sale of Controlling Stake in NOVAST 2009-03-19

Sino-Alliance International (SAIL) recently successfully sold its controlling stake in NOVAST to a group of private equity funds for US$ 50 million. The Zhong Lun team, led by Jeremy Dai and including Megan Wu and Thomas Li, advised SAIL and provided cross-border legal services in this transaction.

NOVAST is an international high-tech specialty pharmaceutical company.