Singapore's GIC Boosts Stake in Hengrui Pharma With HK$185 Million Share Purchase
Stock News
Aug 25
Hong Kong exchange filings reveal that on August 20, GIC Private Limited acquired an additional 3.6586 million shares of HENGRUI PHARMA (01276) at an average price of HK$50.5655 per share, bringing the total transaction value to approximately HK$185 million.
Following this latest acquisition, GIC's total shareholding in the pharmaceutical company has increased to 40.5496 million shares, representing a 15.7% ownership stake in the firm.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.