Shanghai Fosun Pharmaceutical (Group) Co (HK:2196) has released an update.
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Shanghai Fosun Pharmaceutical’s subsidiary, Ningbo Fuying, has entered into agreements to acquire substantial equity interests in Nanjing Fund, Dalian Xingweilai Fund, and Suzhou Angel Fund from Fosun High Tech. This acquisition will significantly boost the Group’s equity stakes in these funds, enhancing its control and influence. These transactions are classified as connected transactions under Hong Kong listing rules but are exempt from requiring independent shareholder approval.
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