Jiang Zhong Pharmaceutical Controlling Shareholder to Boost Stake

MT Newswires Live

2024/10/22

Jiang Zhong Pharmaceutical (SHA:600750) controlling shareholder, China Resources Jiangzhong Pharmaceutical, will boost its shareholding in the company by between 60 million yuan and 120 million yuan in the next 12 months.

Jiangzhong Pharmaceutical is 43.09% owned by China Resources Pharmaceutical (HKG:3320) through non-wholly owned subsidiary China Resources Jiangzhong Pharmaceutical, according to a Monday filing by the parent company with the Hong Kong Exchange.

Jiang Zhong Pharmaceutical shares closed over 2% higher on Tuesday.

Price (HKD): $22.95, Change: $+0.55, Percent Change: +2.46%

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