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Biggest share sale
Source: Bloomberg News |
May 14, 2011, Saturday
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Print Edition
Print Edition
SHANGHAI Pharmaceuticals Holding Co, China's second-largest drug distributor, raised HK$15.3 billion (US$2 billion) in Hong Kong's biggest share sale this year, two people with knowledge of the matter said.
The Shanghai-traded drug maker sold 664.2 million shares at HK$23 a piece, near the middle of a range marketed to investors, said the people, who declined to be identified before an announcement. The shares were originally offered at HK$21.80 to HK$26 each.
The Shanghai-traded drug maker sold 664.2 million shares at HK$23 a piece, near the middle of a range marketed to investors, said the people, who declined to be identified before an announcement. The shares were originally offered at HK$21.80 to HK$26 each.
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