Shanghai Fosun Pharmaceutical (Group) Co ( (HK:2196) ) has provided an update.
Shanghai Fosun Pharmaceutical has entered into a Share Subscription Agreement with IFC, ADB, and United Health Insurance to increase its equity interest in United Health Insurance from 14.00% to 20.05%. This transaction, which involves a capital contribution of RMB270 million from each party, is part of Fosun’s strategy to strengthen its position in the healthcare sector, though it is classified as a connected transaction under Hong Kong Listing Rules due to Fosun High Tech’s substantial interest.
More about Shanghai Fosun Pharmaceutical (Group) Co
Shanghai Fosun Pharmaceutical (Group) Co., Ltd. is a joint stock company incorporated in China, operating in the pharmaceutical industry. The company is involved in the development, manufacture, and sale of pharmaceutical products and medical services, with a focus on expanding its market presence through strategic investments and partnerships.
YTD Price Performance: 10.20%
Average Trading Volume: 5,103
Technical Sentiment Signal: Sell
Current Market Cap: $8.48B
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