Shanghai Fosun Pharmaceutical (Group) plans to provide guarantee of no more than 38.5 million euros for majority-owned subsidiary FMH

NBD AI Bulletin - Shanghai Fosun Pharmaceutical (Group) Co Ltd (the Company, SH 600196, close price: 57.51 yuan) on September 16 said that the Company and and Fosun International Limited will provide joint liability guarantee for majority-owned subsidiary FMH's loan credit of no more than 70 million euros with a duration of no more than 1 year at Australia and New Zealand Banking Group Limited. Of that, the Company will provide guarantee for FMH's loan amount of no more than 38.5 million euros.

The semi-annual report of 2021 shows that Shanghai Fosun Pharmaceutical (Group) Co Ltd's main business is pharmaceutical manufacturing and R&D, medical device services, medical services, accounting for 72.25%, 16.74%, 10.88% of revenue, respectively. 

(By Lan Suying)

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