Jiangsu Baoyuan Investment, the largest shareholder of Hongbaoli, purchased 527,000 shares, or a 0.19 percent stake, at an average price of 11.24 yuan per share as it is optimistic about the future development prospects of the listed company.

Fosun Pharma said Fosun Group purchased 824,000 shares, or a 0.04 percent interest, yesterday. This brings the total shareholding of Fosun Group to 48.1 percent.

Fosun Group plans to up its stake by up to two percent within the next one year.