HK-listed 3SBIO slips on discounted share sale

Reuters
2025.12.02 03:07
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3SBio Inc's shares dropped 5.4% to HK$29.98, marking the largest one-day percentage drop since November 21. The company plans to sell 105.17 million new shares at a 6.5% discount to raise HK$3.12 billion for clinical research in China and the US. Despite the drop, the stock is up 397% YTD, while the Hang Seng Biotech Index is up 80.1%.