Nature's Sunshine Products Inc. to Acquire Full Ownership of Joint Ventures from Fosun Pharma for $7 Million

Reuters
08 Jul
Nature's Sunshine Products Inc. to Acquire Full Ownership of Joint Ventures from Fosun Pharma for $7 Million

Nature's Sunshine Products Inc. has announced a share purchase agreement to acquire Fosun Industrial's interests in two joint ventures in China. This follows Fosun Pharma's sale of 2,854,607 shares, reducing its stake below 5% in Nature's Sunshine. The company will purchase Fosun's 20% interest in the Hong Kong Joint Venture for $3.9 million and the Shanghai Joint Venture for $3.1 million. The transactions are subject to regulatory approvals in China.

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