Sino Biopharm block fetches $406m, stock plunges

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Sino Biopharm block fetches $406m, stock plunges

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Sino Biopharmaceutical’s chief executive Tse Ping has sold a portion of his stake in the company for the second time this year, pocketing HK$3.15bn ($406.4m) but causing the stock price to tumble in the secondary market.

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