Shionogi to Acquire Ping An Insurance's Stakes in JVs

MT Newswires Live2024-12-26

Shionogi & Co (TYO:4507) disclosed the dissolution of its joint ventures with Ping An Insurance Group (HKG:2318, SHA:601318) via the acquisition of the Chinese insurer's stakes in the JVs, according to a Monday filing with the Tokyo Stock Exchange.

The board approved Shionogi's acquisition of Ping An's 49% stake in Ping An Shionogi and Ping An Shionogi (Hong Kong), making them wholly-owned subsidiaries.

The move follows a review of the companies' strategies and aligns with Shionogi's focus on drug development in China and Asia. The joint ventures have contributed to key product approvals and AI-driven drug discovery efforts.

The share transfers are planned for January 2025 for Ping An Shionogi Hong Kong and for March 2025 for Ping An Shionogi.

Price (HKD): $2194.00, Change: $-1.5, Percent Change: -0.07%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2494004408?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2024-12-26 09:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2494004408","market":"sg","top_or_hot":-1,"title":"Shionogi to Acquire Ping An Insurance's Stakes in JVs","media":"MT Newswires Live","content":"<html><body><p> Shionogi &amp; Co (TYO:4507) disclosed the dissolution of its joint ventures with Ping An Insurance Group (HKG:2318, SHA:601318) via the acquisition of the Chinese insurer's stakes in the JVs, according to a Monday filing with the Tokyo Stock Exchange.</p><p>The board approved Shionogi's acquisition of Ping An's 49% stake in Ping An Shionogi and Ping An Shionogi (Hong Kong), making them wholly-owned subsidiaries.</p><p>The move follows a review of the companies' strategies and aligns with Shionogi's focus on drug development in China and Asia. The joint ventures have contributed to key product approvals and AI-driven drug discovery efforts.</p><p>The share transfers are planned for January 2025 for Ping An Shionogi Hong Kong and for March 2025 for Ping An Shionogi.</p><p>Price (HKD): $2194.00, Change: $-1.5, Percent Change: -0.07%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shionogi to Acquire Ping An Insurance's Stakes in JVs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShionogi to Acquire Ping An Insurance's Stakes in JVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-12-26 09:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Shionogi &amp; Co (TYO:4507) disclosed the dissolution of its joint ventures with Ping An Insurance Group (HKG:2318, SHA:601318) via the acquisition of the Chinese insurer's stakes in the JVs, according to a Monday filing with the Tokyo Stock Exchange.</p><p>The board approved Shionogi's acquisition of Ping An's 49% stake in Ping An Shionogi and Ping An Shionogi (Hong Kong), making them wholly-owned subsidiaries.</p><p>The move follows a review of the companies' strategies and aligns with Shionogi's focus on drug development in China and Asia. The joint ventures have contributed to key product approvals and AI-driven drug discovery efforts.</p><p>The share transfers are planned for January 2025 for Ping An Shionogi Hong Kong and for March 2025 for Ping An Shionogi.</p><p>Price (HKD): $2194.00, Change: $-1.5, Percent Change: -0.07%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0561508036.HKD","symbol_name":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2494004408","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494004408","pubTimestamp":1735177001,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shionogi & Co  disclosed the dissolution of its joint ventures with Ping An Insurance Group  via the acquisition of the Chinese insurer's stakes in the JVs, according to a Monday filing with the Tokyo Stock Exchange.The board approved Shionogi's acquisition of Ping An's 49% stake in Ping An Shionogi and Ping An Shionogi , making them wholly-owned subsidiaries.The move follows a review of the companies' strategies and aligns with Shionogi's focus on drug development in China and Asia. The joint ventures have contributed to key product approvals and AI-driven drug discovery efforts.The share transfers are planned for January 2025 for Ping An Shionogi Hong Kong and for March 2025 for Ping An Shionogi.Price : $2194.00, Change: $-1.5, Percent Change: -0.07%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"82318":"中国平安-R","601318":"中国平安","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","BK4585":"ETF&股票定投概念","SG9999014674.SGD":"Nikko AM All China Equity A SGD","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","PNGAY":"中国平安ADR","LU0348783662.USD":"ALLIANZ ORIENTAL INCOME \"A\" (USDHDG) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","IE0003895053.USD":"PINEBRIDGE ASIA DYNAMIC ASSET ALLOCATION \"AD\" USD  ACC","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","BK0070":"员工持股","BK0188":"融资融券","LU2495084118.USD":"ALLIANZ CHINA A-SHARES \"ATH\" (USDHDG) ACC","BK0187":"一线龙头","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0049112450.USD":"FIDELITY PACIFIC \"A\" INC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","03145":"华夏亚洲高息股","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU1642822792.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"A\" (SGD) ACC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU2213484517.USD":"FRANKLIN TEMPLETON CHINA A-SHARES \"A\" (USD) ACC","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","HKD":"尚乘数科","BK1184":"人寿与健康保险","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","02318":"中国平安","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU0650527681.SGD":"Fidelity China Consumer A-SGD","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU1820825898.SGD":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC"},"translate_title":"盐野义将收购平安保险在合资企业中的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82318":0.6,"601318":0.9,"02318":0.9,"03145":0.6,"HKD":1,"PNGAY":0.6},"content_text":"Shionogi & Co (TYO:4507) disclosed the dissolution of its joint ventures with Ping An Insurance Group (HKG:2318, SHA:601318) via the acquisition of the Chinese insurer's stakes in the JVs, according to a Monday filing with the Tokyo Stock Exchange.The board approved Shionogi's acquisition of Ping An's 49% stake in Ping An Shionogi and Ping An Shionogi (Hong Kong), making them wholly-owned subsidiaries.The move follows a review of the companies' strategies and aligns with Shionogi's focus on drug development in China and Asia. The joint ventures have contributed to key product approvals and AI-driven drug discovery efforts.The share transfers are planned for January 2025 for Ping An Shionogi Hong Kong and for March 2025 for Ping An Shionogi.Price (HKD): $2194.00, Change: $-1.5, Percent Change: -0.07%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494004408"}