SHA:600713

2 stories mentioning SHA:600713Updated 41d ago

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NanJing Pharma Raises 500 Million Yuan for Capital, Loan Repayment

NanJing Pharmaceutical (SHA:600713) raised 500 million yuan via the issue of 180-day bonds to replenish working capital and repay bank loans.The bonds carry an issuance rate of 1.33% and mature on Nov. 23, according to a Friday filing with the Shanghai bourse.Industrial Bank served as lead underwriter, with Bank of Nanjing as joint lead underwriter.Shares of the pharmaceutical company rose 2% in recent trade.

SHA:600713

Asia50d ago

NanJing Pharmaceutical Scraps Biotech Investment

NanJing Pharmaceutical (SHA:600713) terminated its planned investment in Ningbo Jiangfeng Bio-information Technology, according to a Wednesday disclosure to the Shanghai bourse.The company and other investors failed to receive confirmation from the target firm regarding the investment, resulting in the termination.

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