Japan's Shionogi to sell 2.05% voting stake to China's Ping An

Japan's Shionogi to sell 2.05% voting stake to China's Ping An

Photographer: Tomohiro Ohsumi/Bloomberg

Japanese drug maker Shionogi & Co said on Monday it would tie up with China’s Ping  An Insurance Group Co of China Ltd, selling a 2.05% voting stake from its treasury stock for 33.53 billion yen ($311.27 million).