Ten Investors to Buy Stake in Fosun Pharmaceutical Unit

MT Newswires Live08-28

Ten investors plan to acquire a 0.12% stake in Shanghai Fosun Pharmaceutical's (HKG:2196, SHA:600196) subsidiary Fosun Antekin (Chengdu) Biopharmaceutical, according to a Tuesday disclosure on the Shanghai Stock Exchange.

The investors include the pharmaceutical company's executive directors Wu Yifang, Wang Kexin, Guan Xiaohui and Wen Deyong. They plan to buy 968,700 yuan of Fosun Antekin's registered capital at 68.65 yuan apiece.

Additionally, Fosun Antekin will issue additional registered capital of 32 million yuan, representing 4% of its share capital, to establish an incentive platform, Fosun Pharma said.

Price (HKD): $12.36, Change: $-0.060, Percent Change: -0.48%

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