Warburg Pincus ups stake in China Biologic Products
Warburg Pincus Private Equity has upped its stake in human plasma collection company China Biologic Products (CBPO), in its tenth purchase of shares in the company this year.
On Tuesday the investor bought 79,000 shares in the business at an average price of $11.43 apiece, causing the price of the stock to rise by 1.66% following the trade. The private equity firm now holds at least 5,761,220 shares in CBPO, which is listed on the Nasdaq and was trading at $11.82 per share as of midday on Thursday.
A day after Warburg's trade, the company's CFO, Yuyun Tristan Kuo, sold 50,000 shares at an average price of $11.51 a share.
Warburg Pincus also invested in the CBPO during 2010, through a series of secondary purchases of common shares from existing shareholders.
Based in Shandong, CBPO is a major Chinese medical production company which collects human plasma from across the country and manufactures human albumin, intravenous immunoglobulin and specialty immunoglobulin products for treating rabies, hepatitis B and tetanus.
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.