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Hutchison Pharma enters into an agreement to sell non-core non-prescription drug joint ventures for US$169 million

 Last Update: 2021-04-27
 Source: Internet
 Author: User

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On March 24, Hutchison Medicine announced that it had reached a US$169 million transaction agreement with GL Mountrose Investment Two Limited, which is controlled and managed by Telford Capital.

Hutchison Medicine will receive a total of approximately US$169 million in cash from this transaction, which is equivalent to approximately 22 times the adjusted net profit of Baiyunshan Hutchison Medicine’s adjusted net profit of US$7.

Telford Capital must pay a deposit of US$15.

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