Sinopharm Group Will Raise $440 Million to Build Distribution Network

Published: Apr 26, 2011

April 26, 2011 -- Sinopharm Group announced a secondary offering of $440 million worth of its publicly held shares. The transaction will comprise 4% of Sinopharm’s expanded share base, raising the Hong Kong-traded portion of its capitalization from 30.5% to 34.5%. The company, which is mainland China’s largest drug distributor, said it will use the money to expand its distribution and retail networks. More details....

Stock Symbol: (HK: 1099)

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