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SINOPHARM GROUP CO LTD (1099.HK)

1099.HK on Hong Kong Stock

36.00HKD
19 Oct 2018
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Thu, Jul 12 2018

Sinopharm buys 60 pct device distributor for $765 mln

HONG KONG, July 12 Pharmaceutical products distributor Sinopharm Group Co Ltd said late on Wednesday it would buy 60 percent of a medical devices distributor from the controlling parent company for 5.11 billion yuan ($765.4 million), as it aims to expand market share in its medical device distribution business.

BRIEF-Sinopharm Group Posts Qtrly Net Profit Attributable RMB842.7 Million

* QTRLY TOTAL OPERATING REVENUE RMB72.69 BILLION VERSUS RMB68.42 BILLION

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