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Starry: To purchase 850 million yuan for Haishen Pharmaceutical

Date: 2018-06-06
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Note: Starry is a company invested by TTGG

Zhejiang Starry Pharmaceutical Co., Ltd. (603520) disclosed the revised draft of the reorganization draft on the evening of June 4. The company plans to issue 27.8293 million shares at 26.95 yuan/share, and to pay 100 million yuan in cash for a total purchase price of 850 million yuan to acquire 100% equity of Hisyn Pharmaceuticals. Supporting fund-raising does not exceed 150 million yuan. Haishen Pharmaceutical Co., Ltd. is mainly engaged in iodine contrast agent APIs. The net profit promised from 2018 to 2020 is not less than RMB 43.7461 million, RMB 48.699930 and RMB 69.3946 respectively. The company's stocks resumed trading on June 5.

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