China Traditional Chinese Medicine Controlling Shareholder Boosts Stake

MT Newswires Live

04/09

China Traditional Chinese Medicine (HKG:0570) controlling shareholder China National Pharmaceutical Group or CNPGC purchased 50,350,000 shares at an average of HK$1.86 apiece, according to a Tuesday filing with the Hong Kong bourse.

CNPGC holds 33.46% of China Traditional Chinese Medicine's entire stake as enlarged by the offering.

Shares rose 1% during Wednesday's afternoon trading.

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