Genexine Sells I-Mab Shares Worth 36 Billion KRW in China
[Asia Economy Reporter Lee Jung-yoon] Genexine announced on the 20th that it disposed of 1,311,000 shares of Chinese company I-Mab for 35,982,170,000 KRW.
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This was to secure funds for major pipeline clinical development and operational expenses, representing 6.71% of its equity capital. After the disposal, the shareholding ratio stands at 5.05% (8,488,885 shares).
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