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

A consortium led by state-owned Sinopharm has revived a take-private bid for China-TCM, the Hong-Kong-listed drug maker said on Wednesday, valuing it at US$2.96 billion.

Hong kongXinyao wangHong kong listedHaier electronicTraditional chinese medicineChina traditional chinese medicine holdingsHina tcm

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-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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