Nature's Sunshine Shares Fall Premarket After Shanghai Fosun Sells Stake

Dow Jones
Jun 26
 

By Colin Kellaher

 

Nature's Sunshine Products shares fell sharply in premarket trading Thursday after one of the nutritional supplements maker's biggest investors sold its stake at steep discount.

Nature's Sunshine said a secondary public offering of up to 2.85 million shares held by a unit of Shanghai Fosun Pharmaceutical was priced at $12 apiece, well below Wednesday's closing price of $14.84.

Shares of the Lehi, Utah, company were recently down 16% to $12.50 in premarket trading.

Fosun received the shares, representing a more than 15% stake in Nature's Sunshine, as part of a 2014 transaction that formed a pair of joint ventures in which Fosun held 20% interests.

Nature's Sunshine said it will be required to buy Fosun's stake in the ventures in connection with the offering, adding that it expects to fund the roughly $7 million purchase with cash on hand and drawings under its credit facility.

The company said it also may buy back up to $15 million worth of the shares Fosun is selling.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

June 26, 2025 07:29 ET (11:29 GMT)

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