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Caixin

China's Kangmei former chief jailed for 12 years in final verdict

Court finds drugmaker and auditors responsible for $385m loss to investors

Ma Xingtian, former chairman of Kangmei Pharmaceutical, had his appeal rejected by the Guangdong Higher People's Court.   © AP

Ma Xingtian, former chairman of Kangmei Pharmaceutical, was sentenced to 12 years in prison and fined 1.2 million yuan ($188,300) for manipulating the securities market, failure to disclose important information and bribery.

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