FINWIRES · TerminalLIVE
FINWIRES

Sipai Health to Sell Stake in Pharmacy Operator to Dashenlin Pharmaceutical For RMB 51.7 Million

By

Sipai Health Technology (HKG:0314) said it agreed to sell its entire stake in a pharmacy operator for 51.7 million yuan to Dashenlin Pharmaceutical Group (SHA:603233), according to a Hong Kong bourse filing Wednesday.

Shares of the medical and health services provider fell over 1% in morning trade Thursday.

Sipai Zhihe Technology (Guangzhou) currently operates four pharmacies in Beijing and Hubei province, as well as a supply chain business serving pharmacies nationwide.

As part of the disposal, Sipai Health will transfer its equity interest in Beijing Renbo Siweite Pharmacy and Beijing Renbo Pharmacy in the target company.

Sipai Health said the disposal will help the group to sharpen its strategic focus and improve profitability.

Related Articles

Asia

China Minsheng Banking Issues 30 Billion Yuan Tier 2 Capital Bonds

China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.The bank's Hong Kong shares slipped 1% during the morning trade.

HKG:1988SHA:600016
Asia

Kaishan 2025 Profit Up 14%, Revenue Rises 12%

Kaishan Group (SHE:300257) posted 2025 attributable net profit of 364.2 million yuan, up 14% from 320.4 million yuan the previous year.Earnings per share rose to 0.37 yuan from 0.32 yuan, according to a Wednesday filing with the Shenzhen bourse.The compressor maker's operating revenue rose 12% year over year to 4.72 billion yuan from 4.23 billion yuan.Shares of the company were down 1% in recent trade.

SHE:300257
Asia

Shanjin International Gold's Attributable Profit Jumps 101% in Q1

Shanjin International Gold's (SHE:000975) attributable profit rose 101% to 1.39 billion yuan in the first quarter from 693.8 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the mining company increased 101% to 0.5023 yuan from 0.2499 yuan in the prior-year period.Operating income grew 37% year over year to 5.94 billion yuan from 4.32 billion yuan.Shares increased 1% during the midday break on Wednesday.

SHE:000975