Sinopharm-led consortium offers to take HK-listed China-TCM private in $3b deal

Sinopharm-led consortium offers to take HK-listed China-TCM private in $3b deal

FILE PHOTO: The logo of Sinopharm, China's National Pharmaceutical Group Corporation is pictured in Beijing, China January 18, 2022. REUTERS/Fabrizio Bensch/File Photo

A consortium led by state-owned pharma giant Sinopharm has revived a take-private bid for China Traditional Chinese Medicine Holdings, the Hong Kong-listed drugmaker said on Wednesday, valuing it at HK$23.16 billion ($2.96 billion).

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