The Straits Times / The Business Times News on AsiaPharm
See Hoy Chan adds to holding in AsiaPharm
Dec 17, 2004
The
Business Times
PRIVATELY held See Hoy Chan Equities raised its stake in China-based
pharmaceutical maker AsiaPharm Group from 5.15 per cent to 5.4 per
cent, by buying a million shares on the open market on Tuesday.
Earlier this month, AsiaPharm said one of its key drugs, Elcatonin
for Injection, has recently been
added to the National Health Insurance List of China. Lutingnuo,
which has already been included in the list in the first half of
this year and is one of the group's fastest growing drugs, has been
classified as a 'National Leading New Product' by four state departments
in China.
AsiaPharm shares rose 1.5 cents to 57 cents yesterday.
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