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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