Shanghai Fosun Pharmaceutical (Group) Co (HK:2196) has released an update.
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Shanghai Fosun Pharmaceutical has successfully fulfilled all pre-conditions for the proposed privatisation of Shanghai Henlius Biotech by way of a merger. This significant move, which involves absorbing Henlius and withdrawing its listing, is set to progress with the despatch of relevant documents to shareholders by December 23, 2024. Investors are keenly watching this development as it represents a strategic consolidation in the biotech sector.
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