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BRIEF-Shanghai Fosun Pharmaceutical enters into placing agreement to place 80.7 million H shares
May 17, 2017 / 12:55 AM / 3 months ago

BRIEF-Shanghai Fosun Pharmaceutical enters into placing agreement to place 80.7 million H shares

May 17 (Reuters) - Shanghai Fosun Pharmaceutical Group Co Ltd:

* Entered into placing agreement to place 80.7 million H shares at a price of HK$28.80 per H share

* Net proceeds of placing will be approximately HK$2.31 billion

* Intends to use net proceeds from placing to repay interest-bearing debts,and finance potential mergers & acquisitions Source text for Eikon: Further company coverage:

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