tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Simcere Pharmaceutical Expands with Strategic Acquisitions

Story Highlights
Simcere Pharmaceutical Expands with Strategic Acquisitions

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Simcere Pharmaceutical Group Limited ( (HK:2096) ) has issued an announcement.

Simcere Pharmaceutical Group Limited has announced the acquisition of the entire assets of Sanroad Shanghai and the entire equity interest in Xianwei for a total cash consideration of RMB83,183,800. This strategic move will result in Xianwei becoming an indirectly wholly-owned subsidiary, with its financial results consolidated into Simcere’s financial statements, enhancing the company’s operational scope and market positioning.

More about Simcere Pharmaceutical Group Limited

Simcere Pharmaceutical Group Limited is a company incorporated in Hong Kong, operating within the pharmaceutical industry. It focuses on the acquisition and development of pharmaceutical assets and equity interests to enhance its market position.

Average Trading Volume: 21,796,197

Technical Sentiment Signal: Buy

Current Market Cap: HK$36.63B

For an in-depth examination of 2096 stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1