Controlling Shareholder Ups Stake in Tianjin Pharmaceutical Da Ren Tang; Shares Up 3%

MT Newswires

02/06

JinYao Global, a subsidiary of Tianjin Pharmaceutical Da Ren Tang's (SGX:T14) controlling shareholder, Tianjin Pharmaceutical, acquired additional S-Shares in the company at $2.96 apiece for $242,953, according to a Thursday filing with the Singapore Exchange.

Shares of the pharmaceutical company were up over 3% in Friday trading.

JinYao acquired 82,200 S-shares, representing around 0.0107% of the company's issued share capital. Following the acquisition of the new shares, the controlling shareholder's stake has increased to 43.008%.

Meanwhile, JinYao Global has proposed to increase the shareholding further within six months, the filing added.

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Following the acquisition of the new shares, the controlling shareholder's stake has increased to 43.008%.</p><p>Meanwhile, JinYao Global has proposed to increase the shareholding further within six months, the filing added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6079","symbol_name":"制药","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2609559180","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609559180","pubTimestamp":1770358637,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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