Fosun reports purchase of Tongjitang Chinese Medicines shares

By Lisa Kerner

Charlotte, N.C., Oct. 17 - Tongjitang Chinese Medicines Co. investor Fosun Industrial Co., Ltd. purchased 615,143 American Depositary Shares, underlying 2,317,956 shares of the company's stock, between Aug. 21 and Oct. 15.

The ADS were priced from $1.9961 to $3.559 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

Fosun beneficially holds 1,815,794 ADS, each representing 4 ordinary shares, or 5.37% of the specialty pharmaceutical company. Tongjitang is located in Shenzhen, China.

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