The Zhitong Finance App learned that Weigao shares (01066) fell more than 5% in early trading. As of press release, it was down 4.91% to HK$5.04, with a turnover of HK$18.4665 million.
According to the news, on January 5, Weigaojing announced that it plans to purchase 100% of the shares held by Weigao Shares, Weihai Shengxi, and Weihai Ruiming. The transaction price is about 8.511 billion yuan. After the transaction is completed, Weigaopuri will become a wholly-owned subsidiary of the company, and the company's main business will add business related to pharmaceutical packaging materials.
According to the announcement, the market share of Vico Puri's pre-packaged products ranked first in the country. According to instructions issued by the China Pharmaceutical Packaging Association, from 2022 to 2024, Vigaopuri's prepackaged products account for more than 50% of the domestic market, ranking first in the domestic market industry, and ranking in the top five in the international market sales volume. Weigaojing said that after the transaction is completed, Weigao Puri will be included in the scope of listed companies' consolidated statements as a high-quality asset with strong profitability, which will further enhance the profitability and investment value of listed companies.