Sino Biopharmaceutical’s Share Purchase Boosts Incentive Scheme

Sino Biopharmaceutical (HK:1177) has released an update.

Sino Biopharmaceutical’s subsidiary, Chia Tai Tianqing, has purchased 16.8 million shares as part of its Share Incentive Scheme, representing 0.09% of the company’s total shares. This initiative is aimed at implementing share-based incentives for selected participants, with shares valued at approximately HKD3.65 each, totaling around HKD61.26 million. The board continues to review and determine future share distributions under this scheme.

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