3SBio Inc. has announced the completion of a placing of new shares under a general mandate. A total of 105,169,500 shares were placed by the sole placing agent to not less than six investors at a price of HK$29.62 per share. The newly issued shares represent approximately 4.14% of the company's enlarged share capital, bringing the total number of shares in issue to 2,538,003,412. The company confirmed that the public float remains above 25% following the placement. The placed shares have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption.
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