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SINO BIOPHARM Proposes Listing on STAR Mkt
SINO BIOPHARM (01177.HK) announced that, on 3 February 2021, the Board has approved a preliminary proposal for the possible issue of RMB Shares and listing on the Science and Techn...
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SINO BIOPHARM Proposes Listing on STAR Mkt
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2021/02/03 17:05
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SINO BIOPHARM (01177.HK) announced that, on 3 February 2021, the Board has approved a preliminary proposal for the possible issue of RMB Shares and listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange (Sci-Tech Board). The Proposed Domestic Issue shall be conditional upon and subject to market conditions, the approval of the Shareholders at the general meeting of the Company and the necessary Regulatory Approvals.

After deducting the issuance expenses, the proceeds of the Proposed Domestic Issue are preliminarily intended to be used for the development of the principal businesses of the Company, merger and acquisition in the industry, and general working capital.
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