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Sinopharm offers to take China-TCM private in nearly US$3 billion deal

Sinopharm offers to take China-TCM private in nearly US$3 billion deal
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Hong kongXinyao criss wangChina traditional chinese medicine holdingsChina nationalNational pharmaceuticalHaier electronic

Sinopharm offers to take China-TCM private in nearly $3 bln deal

Sinopharm, the parent of China Traditional Chinese Medicine Holdings, has revived a take-private bid for the Hong-Kong-listed drugmaker, valuing it at HK$23.16 billion , the companies said.

Hong kongRishav chatterjeeArun koyyurChina traditional chinese medicine holdingsChina nationalNational pharmaceutical

Sinopharm-led consortium offers to take HK-listed China-TCM private in $3b deal

Sinopharm already holds a 32.46% stake in China-TCM and has offered to pay HK$4.6 per share in cash to buyout the drugmaker.

Hong kongXinyao criss wangChina traditional chinese medicine holdingsChina nationalHong kong listedNational pharmaceuticalHaier electronic

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