Global private equity firm AXA Private Equity and Chinese conglomerate Fosun International announced a takeover bid for French holiday firm, Club Méditerranée. The management team of Club Méditerranée, including CEO Henri Giscard d’Estaing and deputy CEO Michel Wolfovski, is joining the buyer pair for the buyout bid. The buyers plan to pay €17 per share, […]

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Police and health officers arrested a 38-year-old woman today for selling unregistered pharmaceutical product "Flucort f" cream, which contains controlled drug ingredients.

The Department of Health found the product was being offered for sale online.

The cream is labelled as containing fluocinolone, a steroid classified as Part I poison, and the antibiotic neomycin, but a pharmaceutical product registration number was not found.

The woman was arrested for suspected illegal sale of an unregistered pharmaceutical product, Part I poison and antibiotic.

Inappropriate use of steroids may cause Cushing's Syndrome with symptoms including muscle atrophy, while inappropriate use of antibiotics may lead to antibiotics resistance.

In this edition of China Money Podcast, guest Bruno Raschle, chairman of global fund of funds Adveq, talks with our host, Nina Xiang. He discusses Adveq's investment activities and performance in China, how to pick fund managers to back, and his views on the future of the Chinese private equity's exit environment. Listen to the […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.