Fosun Pharma
File:Fosun Pharma logo.png | |||||||||||
Formerly |
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Company type | listed | ||||||||||
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Industry |
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Founded | 1994 | ||||||||||
Founder |
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Headquarters | Shanghai , China | ||||||||||
Key people |
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Services | private hospitals | ||||||||||
CN¥ 3.125 billion (2017) | |||||||||||
Total assets | CN¥61.914 billion (2017) | ||||||||||
Total equity | CN¥25.270 billion (2017) | ||||||||||
Owner | Fosun Int'l (37.94%) | ||||||||||
Subsidiaries |
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Chinese name | |||||||||||
Simplified Chinese | 上海复星医药(集团)股份有限公司 | ||||||||||
Traditional Chinese | 上海復星醫藥(集團)股份有限公司 | ||||||||||
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Chinese short name | |||||||||||
Simplified Chinese | 复星医药 | ||||||||||
Traditional Chinese | 復星醫藥 | ||||||||||
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former Chinese short name | |||||||||||
Simplified Chinese | 复星实业 | ||||||||||
Traditional Chinese | 復星實業 | ||||||||||
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Website | www | ||||||||||
Footnotes / references in consolidated financial statement[1] |
Shanghai Fosun Pharmaceutical (Group) Co., Ltd., known as Fosun Pharmaceutical or just Fosun Pharma is a Chinese listed pharmaceutical company. It is majority owned by Fosun International.[2] Fosun Pharmaceutical is the co-owner of Sinopharm Industrial Investment (Chinese: 国药产业投资), the parent company of fellow listed company Sinopharm Group (Chinese: 国药控股).
As of 2018, the A shares of the company is a constituent of SSE 180 Index as well as its sub-index SSE MidCap Index.[3] The company was ranked 1,662nd in 2018 Forbes Global 2000, a list of top listed companies of the world.[4]
History
Fosun Pharmaceutical is a listed company which started A share[5] initial public offering in 1998 and H share in 2012.[6] The English name of the company was initially known as Shanghai Fortune Industrial Joint-Stock Co., Ltd. (SFIC; Chinese: 上海复星实业股份有限公司),[7] but the transliteration of 复星 was later changed from Fortune to Fosun (as Fosun Industrial[8]), as well as changing the name from Industrial (Chinese: 实业) to Pharmaceutical (Chinese: 医药). The company also shorten the transliteration of the legal suffix 股份有限公司 from Joint-Stock Co., Ltd. to just Co., Ltd..
Shanghai Fortune Industrial Joint-Stock Co., Ltd. was incorporated in 1998, but its predecessor, Shanghai Fortune Industrial Company (Chinese: 上海复星实业公司) was incorporated in January 1994. The majority shareholders in December 1994 were Fosun High Technology (Chinese: 复星高科技) and its parent company Guangxin Technology (Chinese: 广信科技); Guangxin Technology was owned by Guo Guangchang, Liang Xinjun, Wang Qunbin and Fan Wei.[5][8]: 8
In 2003 Fosun Pharmaceutical acquired 49% stake of Sinopharm Group (Chinese: 国药控股).[nb 1][8]: 30 [9] In 2008, a year before the initial public offering of Sinopharm Group, Fosun Pharmaceutical owned the direct parent company of Sinopharm Group, Sinopharm Industrial Investment (Chinese: 国药产业投资) instead; the majority owner of the joint venture was state-owned China National Pharmaceutical Group (Sinopharm).[nb 2][10][11][12]
An intermediate parent company of Fosun Pharma, Fosun International (parent company of Fosun High Technology), became a listed company in 2007.[13]
In 2014 Fosun Pharma was part of a consortium to acquire US-listed Chindex International, which owned private hospitals in mainland China.[14][15]
In 2016, according to the Financial Times, Fosun Pharmaceutical made the largest Indian corporate takeover by a Chinese company, by acquiring Gland Pharma for no more than US$1.26 billion.[16][17] Despite the offer was revised in 2017 to seek approval from Indian regulators.[18][19] In October 2017, the acquisition of 74% stake of Gland Pharma was completed.[1]: 35–36
In September 2017, Israeli subsidiary Sisram Medical (parent company of Alma Lasers) was spin-off as a separate listed company on the Stock Exchange of Hong Kong.[20] As of 31 December 2017[update], Fosun Pharma owned Sisram Medical 52.83% shares.[21]
In October 2017 Fosun Pharmaceutical, via subsidiaries Fosun Pharmaceutical A.G. and Fosun Industrial[nb 3] bought Tridem Pharma, according to the Financial Times, "an Africa-focused French drug distributor", for not more than €63 million.[22][23]
Shareholders
Fosun Pharmaceutical had two classes of ordinary share: A shares which only traded in mainland China as well as H share which only traded in Hong Kong.
As of 31 December 2017[update], there was 2,011,190,000 number of A shares and 483,941,000 number of H shares, for a total of 2,495,131,000,[1]: 174 which Fosun International's wholly owned subsidiary, Fosun High Technology, owned 936,575,490 and 9,989,000 number of shares respectively.[1]: 59
Fosun High Technology also once owned 23.45% of the convertible bond (SSE:100196) of Fosun Pharma in 2003.[8]: 6
As of 31 December 2017[update], co-founder of Fosun High Technology and now co-owner of the parent company of Fosun International, Guo Guangchang and Wang Qunbin, still served as non-executive directors of Fosun Pharmaceutical.[1]: 2
As of 31 July 2019[update], the market capitalization of the H share of Fosun Pharma was HK$12,943,004,725.[24]
Footnotes
- ^ Sinopharm Group was previously transliterated as Sinopharm Holding
- ^ China National Pharmaceutical Group itself was also transliterated as Sinopharm Group before the listing of its subsidiary, Sinopharm Group (formerly Sinopharm Holding).
- ^ Despite it is a namesake of the former name of Fosun Pharmaceutical, Fosun Industrial (simplified Chinese: 复星实业(香港)有限公司; traditional Chinese: 復星實業(香港)有限公司) was incorporated in Hong Kong.[1]: 211
References
- ^ a b c d e f 2017 Annual Report (PDF). Fosun Pharmaceutical. 17 April 2018. Retrieved 5 August 2018 – via Hong Kong Exchanges and Clearing website.
- ^ Li, Jane (3 April 2018). "Fosun Pharma chief cites Huawei as model for overseas expansion". South China Morning Post. Hong Kong. Retrieved 1 August 2018.
- ^ "SSE MidCap Constituents List" (Microsoft Excel). China Securities Index. Retrieved 5 August 2018.
- ^ "Shanghai Fosun Pharmaceutical on the Forbes Global 2000 List". Forbes. Retrieved 6 August 2018.
- ^ a b 上海复星实业股份有限公司(筹)招股说明书概要 [Prospectus of Shanghai Fortune Industrial] (in Chinese (China)). Shanghai Fortune Industrial. 23 June 1998. Retrieved 5 August 2018 – via jrj.com.cn.
- ^ Chan, Ray (16 October 2012). "Fosun Pharmaceutical begins taking IPO orders from big investors". South China Morning Post. Hong Kong. Retrieved 5 August 2018.
- ^ 1999年年报 [1999 Annual Report] (PDF) (in Chinese (China)). Shanghai Fortune Industrial. 16 February 2000. Retrieved 5 August 2018 – via Shanghai Stock Exchange website.
- ^ a b c d 2003年年报 [2003 Annual Report] (PDF) (in Chinese (China)). Fosun Industrial. 24 April 2004. Retrieved 5 August 2018 – via Shanghai Stock Exchange website.
- ^ 国药集团复星联合成立首家混合所有制药企. 企业观察报 (in Chinese (China)). 4 August 2014. Retrieved 5 August 2018 – via Sina.
- ^ 2009年年报 [2009 Annual Report] (PDF) (in Chinese (China)). Fosun Pharmaceutical. 25 March 2010. Retrieved 5 August 2018 – via Shanghai Stock Exchange website.
- ^ "Connection Transaction" (PDF) (Press release). Shanghai: Fosun International. 20 June 2008. Retrieved 6 August 2018 – via Hong Kong Exchanges and Clearing website.
- ^ 復星醫藥減持國藥控股. "財話短說" column. Apple Daily (in Chinese (Hong Kong)). Hong Kong: Next Media. 23 June 2008. Retrieved 6 August 2018.
- ^ Chan, Carol (27 June 2007). "Fosun increases price range of IPO shares". South China Morning Post. Hong Kong. Retrieved 6 August 2018.
- ^ "Fosun and partners buy US hospital operator Chindex for US$433m in sweetened deal". South China Morning Post. Hong Kong. Bloomberg. 23 April 2014. Retrieved 5 August 2018.
- ^ Waldmeir, Patti (22 April 2014). Written at Shanghai. "TPG snaps up Chinese hospital operator". Financial Times. Additional reporting by Zhang Yan. London. Retrieved 5 August 2018.
- ^ "Fosun to pay $1.1bn for India drugmaker Gland". Financial Times. London. 28 July 2016. Retrieved 5 August 2018.
- ^ "INSIDE INFORMATION - JOINT ANNOUNCEMENT DISCLOSEABLE TRANSACTION - ACQUISITION OF THE CONTROLLING INTEREST IN GLAND PHARMA LIMITED AND RESUMPTION OF TRADING" (PDF) (Press release). Shanghai: Fosun International, Fosun Pharmaceutical. 28 July 2016. Retrieved 5 August 2018 – via Hong Kong Exchanges and Clearing website.
- ^ Weinland, Don (18 September 2017). Written at Hong Kong. "Fosun revises its offer for India's Gland Pharma". Financial Times. London. Retrieved 5 August 2018.
- ^ "JOINT ANNOUNCEMENT - DISCLOSEABLE TRANSACTION - PROGRESS ON ACQUISITION OF THE CONTROLLING INTEREST IN GLAND PHARMA LIMITED" (PDF) (Press release). Shanghai: Fosun International, Fosun Pharmaceutical. 17 September 2017. Retrieved 5 August 2018 – via Hong Kong Exchanges and Clearing website.
- ^ He, Laura (18 September 2017). "Fosun unit Sisram Medical's Hong Kong share offer draws strong investor interest, nets company US$88 million". South China Morning Post. Hong Kong. Retrieved 5 August 2018.
- ^ "Report of the Directors". 2017 Annual Report (PDF). Sisram Medical. 25 April 2018. pp. 31–32. Retrieved 5 August 2018 – via Hong Kong Exchanges and Clearing website.
- ^ "Fosun Pharmaceutical to buy French drug distributor Tridem". Financial Times. London. 30 October 2017. Retrieved 5 August 2018.
- ^ "VOLUNTARY ANNOUNCEMENT - ENTERING INTO SECURITIES PURCHASE AGREEMENT IN RELATION TO THE ACQUISITION OF THE ENTIRE EQUITY INTEREST IN TRIDEM PHARMA S.A.S" (PDF) (Press release). Shanghai: Fosun Pharmaceutical. 29 October 2017. Retrieved 5 August 2018 – via Hong Kong Exchanges and Clearing website.
- ^ "List of H Share Companies". Hong Kong Exchanges and Clearing Limited. 31 July 2019. Retrieved 28 August 2019.
External links
- Companies in the SSE 50 Index
- Pharmaceutical companies of China
- Multinational companies headquartered in China
- Companies based in Shanghai
- Companies listed on the Hong Kong Stock Exchange
- Companies listed on the Shanghai Stock Exchange
- H shares
- Chinese companies established in 1994
- Pharmaceutical companies established in 1994
- Civilian-run enterprises of China
- Fosun International
- 1998 initial public offerings