Hony Capital Continues to Sell Holdings in CSPC Pharma
August 29, 2014 at 05:14 AM EDT
Yesterday, Hony Capital sold $528 million of its shares in CSPC Pharmaceutical, lowering its stake in the company from 62% to 51%. Just three months ago, Hony raised $570 million through a similar sale of CSPC shares for a total exit of $1.1 billion so far this year. In 2007, Hony bought CSPC, then known as China Pharmaceutical Group, from the municipal government of Shijiazhuang for $114.5 million. More details.... Stock Symbol: (HK: 1093) Share this with colleagues: // //