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3SBio Completes Share Subscription with Pfizer, Raising HK$785 Million

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3SBio Completes Share Subscription with Pfizer, Raising HK$785 Million

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3SBio ( (HK:1530) ) has provided an announcement.

3SBio, a company incorporated in the Cayman Islands, has successfully completed the subscription of new shares under a general mandate, issuing 31,142,500 shares to Pfizer at a price of HK$25.2055 per share. This transaction, which represents a 1.28% increase in the company’s share capital, raised approximately HK$785 million in net proceeds. The funds will be allocated primarily to global R&D initiatives and enhancing manufacturing facilities, with a portion reserved for general corporate purposes.

The most recent analyst rating on (HK:1530) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on 3SBio stock, see the HK:1530 Stock Forecast page.

More about 3SBio

Average Trading Volume: 54,791,132

Technical Sentiment Signal: Buy

Current Market Cap: HK$77.08B

For an in-depth examination of 1530 stock, go to TipRanks’ Overview page.

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