China's Fosun to buy remaining stake in Henlius Biotech, valuing drugmaker at $1.7b

China's Fosun to buy remaining stake in Henlius Biotech, valuing drugmaker at $1.7b

Photo: Bloomberg

Chinese conglomerate Fosun International will buy the remaining stake in Shanghai Henlius Biotech it does not already own in a deal that values the Hong Kong-listed drugmaker at HK$13.37 billion ($1.71 billion), the companies said on Monday.