Hengrui Pharma Gets China Regulator's Nod for Hong Kong Share Sale
Jiangsu Hengrui Pharmaceuticals Co. received the green light from China's securities regulator for its Hong Kong listing, putting the Chinese drugmaker a step closer to a share sale that may fetch as much as $2 billion.
The Shanghai-listed company plans to issue up to 815 million shares in Hong Kong, Hengrui said in an exchange filing Monday. The sale could occur as soon as this year, people familiar with the matter have said.
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