SUBSCRIBERS
China's Tasly to list biotech arm in HK
Published Mon, Mar 5, 2018 · 09:50 PM
Hong Kong
CHINA'S Tasly Pharmaceutical Group is planning to list its biopharma unit in Hong Kong to raise about US$1 billion, in what is likely to be the largest biotech float in the city this year, people with knowledge of the matter said.
The plan comes as Hong Kong Exchanges and Clearing, the city's exchange operator, is proposing changes to its listing rules to woo early-stage drug developers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue