The Straits Times / The Business Times News on AsiaPharm

See Hoy Chan's Asiapharm stake tops 5%

May 27, 2004
The Business Times

PRIVATELY held See Hoy Chan Equities has become a substantial shareholder of recently listed Asiapharm Group. Yesterday it bought one million shares at 44.5 cents apiece, raising its direct stake in the China-based pharmaceutical manufacturer and supplier to 5.21 per cent from 4.96 per cent. Shares of Asiapharm, which was listed in early May and also counts Temasek Holdings as a shareholder, yesterday ended one cent higher at 43 cents.