Related-party transactions, but the track is indeed a necessity—everyone wants a slice of the cake in innovative liver disease drugs.

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Fosun Pharma: Plans to invest 414 million yuan to participate in the Series B financing and equity transfer of the liver disease innovative drug company Xingyao Kunze
Fosun Pharma announced that its controlling subsidiary, Fosun Pharma Industry, plans to participate in Xingyao Kunze’s Series B financing with RMB 414 million and acquire part of the equity held by its associate companies, the Suzhou Fund and the Tianjin Fund. RMB 218 million will be used to subscribe for RMB 2.9368 million of newly increased registered capital, and RMB 197 million will be used to acquire RMB 3.0865 million of existing registered capital. After the transaction is completed, it will hold 20.87% of Xingyao Kunze’s equity. The target company focuses on research and development of innovative drugs for liver diseases. This investment constitutes a related-party transaction, aiming to enrich the liver disease treatment pipeline.
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