Shanghai Fosun Pharma's HK shares rise most in a year on buyback plan

Shanghai Fosun Pharmaceutical

07/09/2026 04:04

** Hong Kong shares of Shanghai Fosun Pharmaceutical 2196.HK rise 8.3% to HK$17.55, on course for the biggest one-day pct gain since September 8, 2025
** Stock hits the highest point since August 24 in the third straight session of gains
** Shanghai-listed stock 600196.SS jumps 1.8%, on track for the biggest one-day pct gain since August 20
** Chinese pharmaceutical group said it has proposed to repurchase H shares worth up to HK$1 billion ($127.56 million) over 12 months from August 27 
** "The board is highly confident about the group's business development and outlook, and considers the current price of the H Shares below their actual value" - co 
** YTD, Hong Kong stock down 11.2%, Shanghai shares down 14.4%


($1 = 7.8394 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))