this post was submitted on 02 Dec 2025
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China’s 3SBio seeks US$400 million in Hong Kong to boost drug pipeline (www.scmp.com)
submitted 2 months ago by rss@news.abolish.capital to c/china@news.abolish.capital
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Chinese drug maker 3SBio plans to raise HK$3.12 billion (US$401 million) by selling a 4.14 per cent stake in the company to fund clinical research in China and the US and expand the global reach of its drug portfolio. The Shenyang-based biopharmaceutical firm has agreed to sell 105.1 million new shares at HK$29.62 each. The placing price represents a 6.5 per cent discount compared with Monday’s closing price of HK$31.68, according to its filing with the Hong Kong stock exchange on Tuesday. The...

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