HKG:1681

2 stories mentioning HKG:1681Updated 31d ago

Every FINWIRES story that references HKG:1681, newest first.

Consun Pharmaceutical Unit to Acquire 30% Stake in Supplier

Consun Pharmaceutical (HKG:1681) unit Guangzhou Consun Pharmaceutical agreed to invest 191.4 million yuan in Shanghai Huamao Pharmaceutical for a 30% stake, according to a Monday Hong Kong bourse filing.The investment will be made through the purchase of existing equity interest and a capital increase in cash.Shanghai Huamao Pharmaceutical is a biotechnology and pharmaceutical company and acts as a supplier of Consun Pharmaceutical.The purchase will facilitate market expansion, vertical integration, supply strengthening, and R&D resource sharing for the firm among other benefits.

HKG:1681

Asia42d ago

Consun Pharma Launches HK$200 Million Share Buyback Program; Shares Slip 3%

Consun Pharmaceutical (HKG:1681) launched a share repurchase program of up to HK$200 million under its general buyback mandate, according to a Wednesday Hong Kong bourse filing.Shares of the firm were down nearly 3% in Thursday's midday trade.The company said the program will run from May 27 through Dec. 31, with shares to be repurchased on the open market.Consun intends to fund the repurchases using available cash.

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