Li Ka-shing's Hutchmed to Sell $608 Million Stake in Health Unit - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Exploring the Origins, Celebrations, and Myths of Black History Month
user-iconGloria Terra
side-post-image
Luka Dončić Traded to Lakers in Monumental Deal for Anthony Davis, Shakes NBA Landscape
user-iconSam Striker
Contact Phone:
Economy

Li Ka-shing's Hutchmed to Sell $608 Million Stake in Health Unit

share-iconThursday, January 02 comment-icon1 month ago 15 views
News sources:
reutersREUTERS
Li Ka-shing's Hutchmed to Sell $608 Million Stake in Health Unit

Credited from: REUTERS

  • Hutchmed, led by billionaire Li Ka-shing, is selling a 45% stake in its health subsidiary for approximately $608 million.
  • The buyers include GP Health Service Capital and Shanghai Pharmaceuticals, as disclosed in a stock exchange filing.
  • This strategic move aims to improve capital and debt structure due to Hutchmed's recent financial challenges.
  • Hutchmed expects a profit of $477 million before taxes from the transaction, which will support its core operations.
  • The sale comes after a dip in earnings attributed to increased trade and geopolitical tensions affecting the conglomerate.

For further details, visit the original article here.

Gallery

SHARE THIS ARTICLE:

TAGS:

Hutchmed Li ka-shing Health unit Stake sale Pharmaceutical
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 02, 2025 Understanding the Undiagnosed ADHD in Girls and Its Consequences
date-iconJanuary 02, 2025 San Diego Zoo's float wins Sweepstakes Award at 136th Rose Parade
nav-post-picture
Related Posts
main-post-image
ECONOMY
FDA Approves Journavx: A Non-Opioid Painkiller Aimed at Reducing Addiction Risks
date-iconFeb 01, 2025
main-post-image
ECONOMY
Adani Group Expands Offer-for-Sale to 20% in Adani Wilmar Joint Venture
date-iconJan 10, 2025
main-post-image
POLITICS
Centerview Partners considers IPO or stake sale options amid growing investor interest
date-iconJan 05, 2025
main-post-image
ECONOMY
Trump's Tariffs Impacting Pharmaceutical Industry
date-iconJan 01, 2025
main-post-image
ECONOMY
Drugmakers Increase U.S. Prices on Over 250 Medicines Starting January 1
date-iconDec 31, 2024
main-post-image
WORLD NEWS
Southern California Edison Under Investigation After Current Spike Near Eaton Fire
date-iconJan 29, 2025

Stay Connected

main-post-image
Science
NASA's Stuck Astronauts Successfully Complete Their First Spacewalk Together
date-icon January 30, 2025
main-post-image
World News
Starbucks Reintroduces Customer-Friendly Policies in Turnaround Efforts
date-icon January 29, 2025
main-post-image
Politics
Ruben Amorim Prefers 63-Year-Old Goalkeeper Coach Over Marcus Rashford Amidst Training Criticism
date-icon January 27, 2025
main-post-image
World News
Kia Issues Safety Recall for Over 80,000 Niro SUVs Due to Airbag and Wiring Concerns
date-icon January 27, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Exploring the Origins, Celebrations, and Myths of Black History Month
user-iconGloria Terra
side-post-image
Luka Dončić Traded to Lakers in Monumental Deal for Anthony Davis, Shakes NBA Landscape
user-iconSam Striker
© 2025 All rights reserved | PRESS AI WORLD