Fosun Pharmaceutical Sells 1 Billion Yuan Bonds; Shares Up 2%

MT Newswires Live

08/11

Shanghai Fosun Pharmaceutical (SHA:600196, HKG:2196) completed the issue of 1 billion yuan of bonds, a late Friday Hong Kong bourse filing said.

Shares of the Chinese pharmaceutical company were up 2% in Monday afternoon trading.

The two-year bonds carry a coupon rate of 2.7%.

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