China Resources Pharma To Start Taking Orders For $2 Billion Hong Kong IPO
Published: Oct 12, 2016
The historic $2 billion Hong Kong IPO for China Resources Pharma Group will start taking orders on October 13, price on October 20 and begin trading on October 28. CR Pharma, a subsidiary of state-owned China Resources Holdings, will set a record for the largest-ever Hong Kong IPO of a pharmaceutical company. It is the second largest China pharma in terms of revenues, behind only Sinopharm, another state-owned company.