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BUZZ-Fosun Pharma's HK shares soars on BioNTech tie-up for COVID-19 vaccine

05/09/2021 22:01
BUZZ-Fosun Pharma's HK shares soars on BioNTech tie-up for COVID-19 vaccine

** Hong Kong shares of Shanghai Fosun Pharmaceutical Group Co Ltd 2196.HK rise as much as 22.6% to HK$61.35, their biggest intraday day pct change since listing in October 2012

** Stock third most actively traded by turnover and the third biggest percentage gainer on the Hong Kong bourse

** Co said on Sunday its subsidiary had agreed to set up a joint venture with BioNTech 22UAy.DE for the manufacture and commercialisation of the German firm's COVID-19 vaccine nL1N2MW06R

** Says its subsidiary has agreed to provide a factory with an annual capacity to make up to 1 billion doses of the COVID-19 vaccine developed by BioNTech

** Fosun Pharma's Shanghai shares 600196.SS hit upper limit of 10%

** Hong Kong's healthcare index .HSCIH rise 3.2%

** Both the Hang Seng China enterprises index .HSCE and the benchmark index .HSI gain 0.2%



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