Shanghai Fosun Pharmaceutical Guarantees 249 Million Yuan Loan for Subsidiary
Shanghai Fosun Pharmaceutical (SHA:600196) provided a joint liability guarantee of 248.6 million yuan for wholly-owned subsidiary Fosun Pharma Industry's 84-month loan from China Everbright Bank.The guarantee, effective June 22, falls within the company's 35 billion yuan guarantee limit, according to a Monday filing with the Shenzhen bourse.Shares of the pharmaceutical company rose 1% in recent trade.