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Cornerstone Blog Ping An buys shares in Japanese drug firm Shionogi

Ping An buys shares in Japanese drug firm Shionogi

April 13, 2020 by Cornerstone International Group Leave a Comment

Ping An Insurance (Group) Co Ltd bought 6.356 million shares from Japanese pharmaceutical company Shionogi Inc as a move to expand into the healthcare sector.

The 2.18 billion yuan (33.53 billion yen) deal will make Ping AN, The seventh-largest shareholder of Shionogi Inc. Founded in 1878, it is a leading pharmaceutical company in Japan dedicating to the development, production, and sales of drugs.

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Filed Under: Cornerstone Blog Tagged With: #topleadershipfirminchina

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