Brief: China Resources Pharmaceutical Says Proposed Internal Reorganization
11/06/2024 02:25
June 11 (Reuters) - China Resources Pharmaceutical
3320.HK :
* PROPOSED INTERNAL REORGANIZATION
* ON 7 JUNE PASSED APPROVED THAT UNIT AND KPC
PHARMACEUTICALS
ENTER INTO A SHARE TRANSFER AGREEMENT
* KPC WILL AGREE TO ACQUIRE 51% STAKE IN KUNMING CHINA
RESOURCES
SHENGHUO PHARMACEUTICAL FOR RMB1,791 MILLION
* ON COMPLETION OF PROPOSED REORGANIZATION EXPECTED THAT
CO'S
INTEREST IN CR SHENGHUO WILL BE DILUTED TO 39.88%
Further company coverage: 3320.HK
((Reuters.Briefs@thomsonreuters.com;))
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