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BRIEF-Kangmei Pharma's Connected Parties Propose To Repay 960 Mln Yuan Embezzlement

05/10/2021 09:13
BRIEF-Kangmei Pharma's Connected Parties Propose To Repay 960 Mln Yuan Embezzlement

- Kangmei Pharmaceutical Co Ltd 600518.SS:

  • SAYS CONNECTED PARTIES PROPOSE TO USE CREDIT RIGHTS TO REPAY 960 MILLION YUAN ($149.65 million) EMBEZZLEMENT, PROPOSAL PENDING SHAREHOLDERS' APPROVAL

Source text in Chinese: https://bit.ly/3hbEIyJ ; https://bit.ly/2RDCxcC

Further company coverage: 600518.SS


($1 = 6.4150 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

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