Shanghai Fosun Pharmaceutical Raises Stake in United Health Insurance; Shares Rise

MT Newswires Live2025-04-01

Shanghai Fosun Pharmaceutical (Group) (HKG:2196) signed a Share Subscription Agreement with IFC and ADB to invest 270 million yuan each in United Health Insurance, according to a Monday filing with the Hong Kong bourse.

The deal will increase Fosun Pharma's stake in the insurer from 14.00% to 20.05%. The capital infusion, totaling 810 million yuan, will support the company's expansion. The transaction does not require the approval of independent shareholders.

Fosun Pharma views this investment as a strategic move to enhance its presence in China's rapidly growing health insurance sector.

The pharmaceuticals shares were up 6% in Hong Kong and 4% in Shanghai in recent trading.

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