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3.70% 2.8¢ heramed limited

Jianmin Pharma, page-9

  1. InItEarly
    3,092 Posts.
    lightbulb Created with Sketch. 950
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    30/12/22
    15:56
    Post #: 65483218
    Not quite what we thought...so the sale of shares between entities.

    That would appear to be below the threshold for a significant shareholder.

    (MT Newswires) -- Jianmin Pharmaceutical Group (SHA:600976) will acquire a 4.47% stake in Australia-listed Hera Med (ASX:HMD) for 8.4 million yuan from Huali Pharmaceutical Group.

    The Chinese drugmaker will buy 10.9 million shares in Hera Med, according to a filing on Wednesday.

    Jianmin issued a risk warning about the transaction as it involves cross-border equity transfer, which could be subject to regulatory requirements.


    Price (RMB): ¥49.04, Change: ¥-0.16, Percent Change: -0.33%


    HMD Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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