Shanghai Fosun Pharmaceutical (Group) Co (HK:2196) has released an update.
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Shanghai Fosun Pharmaceutical is progressing towards the privatization of Shanghai Henlius Biotech via a merger by absorption, having recently secured approval from China’s National Development and Reform Commission. The company is actively working with local authorities to fulfill additional pre-conditions necessary for the merger. The dispatch of the Composite Document has been delayed, with a new deadline set for May 2025.
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