Trading in shares of conglomerate Fosun International Ltd and its Shanghai Fosun subsidiary was suspended in Hong Kong on Thursday pending a statement regarding a “notifiable transaction”.
A spokeswoman for Shanghai Fosun declined to comment. KKR and Gland Pharma were not immediately available for comment.
Besides Fosun, the Gland Pharma sale attracted interest from private equity firm Advent, medical company Baxter International Inc and drugmaker Torrent Pharmaceuticals Ltd, people close to the matter told Reuters in April.
Gland Pharma, based in the southern India city of Hyderabad, makes injectables – widely used medicines administered through vials, syringes, bags and pumps, which are harder to manufacture than regular medicines.