Coherus BioSciences To Divest Hong Kong King-Friend Industrial Co. Ltd. For Cash Consideration Of $40M
Portfolio Pulse from Benzinga Newsdesk
Coherus BioSciences has announced the divestment of its Hong Kong King-Friend Industrial Co. Ltd. for a cash consideration of $40 million.
June 27, 2024 | 12:31 pm
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Coherus BioSciences is divesting its Hong Kong King-Friend Industrial Co. Ltd. for $40 million in cash. This move could improve the company's liquidity and allow it to focus on core operations.
The divestment will provide Coherus BioSciences with $40 million in cash, which can enhance its liquidity position. This strategic move allows the company to focus on its core operations, potentially leading to better financial performance in the short term.
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