July 10, 2020 / 2:13 PM / a month ago

BRIEF-Fosun International Says HK Stock Exchange Confirmed That Fosun Pharma & Co May Proceed With Proposed Spin-Off & Separate Listing

July 10 (Reuters) - Fosun International Ltd:

* STOCK EXCHANGE CONFIRMED THAT FOSUN PHARMA & FOSUN INTERNATIONAL MAY PROCEED WITH PROPOSED SPIN-OFF & SEPARATE LISTING

* EXPECTED SPIN-OFF AND SEPARATE LISTING TO INVOLVE AN OFFER FOR SUBSCRIPTION VIA AN IPO BY GLAND PHARMA OF UP TO INR12,500 MILLION

* INFORMED THAT GLAND PHARMA WILL APPLY FOR IN-PRINCIPLE APPROVAL FOR LISTING OF ITS EQUITY SHARES ON NSE & BSE

* EXPECTED THAT PROPOSED SPIN-OFF AND SEPARATE LISTING WILL ALSO INVOLVE OFFER FOR SALE OF UP TO 34.9 MILLION SHARES OF GLAND PHARMA Source text for Eikon: Further company coverage:

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