Shionogi & Co logo

4507 - Shionogi & Co News Story

¥6110 26.0  0.4%

Last Trade - 7:00am

Large Cap
Market Cap £13.35bn
Enterprise Value £10.84bn
Revenue £2.25bn
Position in Universe 68th / 3862

Japan's Shionogi to sell 2.05% voting stake to China's Ping An, raise $311 mln

Mon 30th March, 2020 7:25am
TOKYO, March 30 (Reuters) - Japanese drug maker Shionogi &
Co  4507.T  said on Monday it would tie up with China's Ping An
Insurance Group Co of China Ltd  601318.SS , selling a 2.05%
voting stake from its treasury stock for 33.53 billion yen
($311.27 million).
    Shionogi agreed to form a joint venture with the Chinese
group's unit, Ping An Life Insurance of China Ltd, with the aim
of discovering and distributing new drugs and developing generic
drugs, it said in a statement.
 ($1 = 107.7200 yen)

 (Reporting by Chang-Ran Kim)
 ((; +81-3-4563-2740;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.