Tongjitang Chinese Medicines shareholder reports purchase of ADSs

By Lisa Kerner

Charlotte, N.C., Dec. 10 - Tongjitang Chinese Medicines Co. investor Fosun Industrial Co., Ltd. purchased 387,476 American Depositary Shares, underlying 1,549,904 of the company's shares, between Nov. 18 and Dec. 8.

The ADSs were priced from $2.3387 to $2.5363, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Fosun beneficially owns approximately 11.58 million shares, or 8.6%, of the specialty pharmaceutical company. The investor holds 2,895,702 ADSs each representing 4 ordinary shares.

Tongjitang is located in Shenzhen, China.

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