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HUTCHMED (China) Limited ( (HK:0013) ) just unveiled an announcement.
HUTCHMED (China) Limited announced a major transaction involving the disposal of a 45% equity interest in Shanghai Hutchison Pharmaceuticals Limited, valued at US$608 million. The dispatch of the circular detailing this transaction has been delayed until February 28, 2025, due to additional time needed by GP Health Service Capital to finalize details. This delay is attributed to the Chinese New Year holidays, and stakeholders are advised to exercise caution regarding the deal’s completion, as it is contingent on the satisfaction of certain conditions.
More about HUTCHMED (China) Limited
HUTCHMED (China) Limited is an innovative, commercial-stage biopharmaceutical company dedicated to the discovery and global development and commercialization of targeted therapies and immunotherapies for cancer and immunological diseases. The company has successfully brought its first three cancer medicines to market in China, with one also approved in the US, Europe, and Japan.
YTD Price Performance: -6.81%
Average Trading Volume: 55,198
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.88B
Learn more about 0013 stock on TipRanks’ Stock Analysis page.
