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BRIEF-Quantum Hi-tech China Biological to acquire Shanghai firm for 2.38 bln yuan via cash, share issue
June 12, 2017 / 10:18 AM / a month ago

BRIEF-Quantum Hi-tech China Biological to acquire Shanghai firm for 2.38 bln yuan via cash, share issue

1 Min Read

June 12 (Reuters) - Quantum Hi-tech China Biological Co Ltd

* Says it plans to acquire Shanghai Chempartner for 2.38 billion yuan ($350.10 million) via cash, share issue

* Says it plans to raise up to 665.5 million yuan in share private placement to help fund the acquisition

Source text in Chinese: bit.ly/2tbUNIq

Further company coverage: ($1 = 6.7981 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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