Tianjin Pharmaceutical Da Ren Tang Approves Sale of 13% Stake in Tianjin TSKF Pharma; Shares Surge 10%

MT Newswires09-30

Tianjin Pharmaceutical Da Ren Tang Group (SHA:600329, SGX:T14) approved the sale of a 13% stake in Tianjin TSKF Pharma to Haleon China for 1.75 billion yuan, according to a filing with the Singapore Exchange on Friday.

Following the sale of shares, the company will retain a 12% stake in the company.

Shares of the pharmaceutical company surged nearly 10% in China and nearly 7% in Singapore in recent trade.

Price (SGD): S$35.36, Change: S$+3.1, Percent Change: +9.58%

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