Brief: 3Sbio Inc Says Sunshine Guojian Will Launch Proposed IPO On 13 July

3SBio

09/07/2020 15:28

July 9 (Reuters) - 3SBio Inc  1530.HK :
    * SUNSHINE GUOJIAN WILL LAUNCH PROPOSED INITIAL PUBLIC
OFFERING OF
ORDINARY SHARES ON 13 JULY
    * LISTING OF AND DEALINGS IN SHARES OF SUNSHINE GUOJIAN ON
STAR
MARKET ARE EXPECTED TO COMMENCE ON 22 JULY
    * EXPECTED THAT OFFER PRICE OF SUNSHINE GUOJIAN IS RMB28.18
PER
SHARE
    * 3SBIO INC SEES STAKE OF CO IN SUNSHINE GUOJIAN TO BE
DILUTED BY
ABOUT 9%
    * ESTIMATED THAT SUNSHINE GUOJIAN WILL RECEIVE TOTAL
PROCEEDS OF
RMB1.74 BILLION FROM OFFERING

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5wx19Q
Further company coverage:  1530.HK 

 (Reuters.Briefs@thomsonreuters.com)