InnoCare Gets First Half of Remaining Stake Bought in Subsidiary

MT Newswires Live

09/08

InnoCare Pharma (SHA:688428, HKG:9969) received the first half of the 7% stake of Guangzhou InnoCare Pharma Technology, according to a Shanghai bourse filing on Tuesday.

Guangzhou InnoCare completed the changes in its industry and commerce registration after its parent received its 3.5% stake.

InnoCare bought the remaining 7% of Guangzhou InnoCare for 476.3 million yuan in August.

The pharmaceutical company's shares slipped 1% during the afternoon trade.

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