Shanghai Pharma's HK shares set for worst day in 10 months on discounted share sale

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Shanghai Pharma's HK shares set for worst day in 10 months on discounted share sale

Reuters2021-05-12

** Hong Kong-listed shares of Shanghai Pharmaceuticals Holding Co Ltd fall as much as 7.4% to HK$16.40, their lowest since April 19

** Stock on course for the worst session since July 16, 2020

** Co's Shanghai-listed shares fall 6.9%

** Dual-listed Shanghai Pharmaceuticals plans sale of 14.4 bln yuan ($2.24 bln) A-shares to Shanghai Tandong Enterprise Consulting Services Co and Yunnan Baiyao Group Co

, raising proceeds to repay debt and for working capital

** Co plans sale of an aggregate 852.6 mln A shares at 16.87 yuan apiece, versus Tuesday's close of 21.74 yuan each

** The Hong Kong Hang Seng Commerce & Industry Index rises 1.3%

** The Hang Seng China enterprises index climbs 0.7%, and the benchmark index edges up 0.1%

** As of last close, the Hong Kong-listed stock up 29.7% this year

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ACCY
·2021-05-12
Still a good time to buy Shanghai Pharmaceuticals?
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- KLS:
  Buy n like
  2021-05-12
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Jojofi
·2021-05-12
Sell in May...
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- ACCY:
  Now?
  2021-05-12
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JuniorCool
·2021-05-12
Like share comment
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- JuniorCool:
  OKie done
  2021-05-15
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- FlyHighFly:
  Ok. Reply please
  2021-05-12
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Jj09
·2021-05-12
Weird
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- JuniorCool:
  Co
  2021-05-12
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- Harimau888:
  ?
  2021-05-12
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Veldora
·2021-05-12
[NosePick]
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- JuniorCool:
  Hood good
  2021-05-12
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bananafruit
·2021-05-12
Good
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Jimmyboy
·2021-05-12
Good information. Pls like and share.
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DKHT20042021
·2021-05-12
Strange
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Meis_Signia
·2021-05-12
Wow not a good day for investors
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ragdoll99
·2021-05-12
Nice
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