Humanwell Healthcare to Raise 3.35 Billion Yuan From Share Placement
MT Newswires Live
Sep 29
Humanwell Healthcare (SHA:600079) plans to raise up to 3.35 billion yuan from a share placement, according to a Shanghai bourse filing on Tuesday.
The company will place shares to the pharmaceutical company's controlling shareholder, China Merchants Biomedicine.
The proceeds will be used for the Yichang Renfu subsidiary project, the construction of a headquarters research institute and a manufacturing base for sexual health products, the development of a digital project and the supplementation of working capital.
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