GO
Loading...

Fosun Pharmaceutical set to launch $600 mln HK offer on Oct 11-IFR

Thursday, 4 Oct 2012 | 12:17 AM ET

HONG KONG, Oct 4 (Reuters) - Shanghai Fosun Pharmaceutical

is set to launch an up to $600 million Hong Kong share offering on Oct 11, IFR reported on Tuesday, citing sources with knowledge of the deal.

The company is slated to price the share sale on Oct. 17, though dates could change depending on feedback from pre-marketing meetings with investors that started on Thursday, added IFR, a Thomson Reuters publication.

The deal, which was earlier set to raise as much as $800 million, would be the first major stock sale in Hong Kong after a drought of nearly three months in offerings.

Shanghai Fosun Pharmaceutical is a subsidiary of Fosun International , one of the country's largest conglomerates.

China International Capital Corp (CICC), Deutsche Bank , JPMorgan and UBS are handling the offering.

(Reporting by Elzio Barreto; Editing by Muralikumar Anantharaman)

((elzio.barreto@thomsonreuters.com)(852)(2843-1608)(Reuters

Messaging: elzio.barreto.thomsonreuters.com@reuters.net))

Keywords: FOSUN HONGKONG/

  Price   Change %Change
TRI
---