Innovent Biologics (HK:1801) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Innovent Biologics announced a strategic move involving the sale of a minority stake in its subsidiary, Fortvita, to Lostrancos for $20.5 million. This transaction will reduce Innovent’s ownership from 100% to 79.61%, marking a significant financial maneuver aimed at unlocking capital and potentially enhancing shareholder value.
For further insights into HK:1801 stock, check out TipRanks’ Stock Analysis page.
