Fujian Cosunter Pharmaceutical (SHE:300436) plans to raise 976.9 million yuan from a planned share issuance, according to a Shenzhen Stock Exchange filing on Tuesday.
The pharmaceutical company plans to issue 47.8 million shares.
The plan is still subject to the approval of the Chinese securities regulator, the filing said.
The company's shares fell over 4% in recent trade.
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