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%
Jianmin Pharma, page-9
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