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Nikkei Markets

Fosun Pharma To Buy Out Other Shareholders In Taiwan-Based Henlix Biotech

By Carrie Chen
Nikkei Markets
HONG KONG (Nov 02) -- Shanghai Fosun Pharmaceutical (Group), a company controlled by Chinese conglomerate Fosun International, said a unit has agreed to acquire the 69.25% stake it doesn't already own in Taiwan-based biopharmaceutical company Henlix Biotech for up to $98 million.

The company's unit Shanghai Henlius will buy out other corporate and individual shareholders and make Henlix a wholly-owned subsidiary, Fosun Pharma said in a filing to the Hong Kong stock exchange on Thursday.

The agreement is subject to approvals from authorities in Taiwan and China.

- By Carrie Chen;; +852 39605153
- Edited By V.Phani Kumar
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- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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