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BRIEF-Yantai Dongcheng Biochemicals plans to acquire medical firm via cash, share issue
June 30, 2017 / 2:06 AM / in a month

BRIEF-Yantai Dongcheng Biochemicals plans to acquire medical firm via cash, share issue

1 Min Read

June 30 (Reuters) - Yantai Dongcheng Biochemicals Co Ltd

* Says it plans to acquire medical firm valued at 1.6 billion yuan ($236.43 million) via cash, share issue

* Says it plans to raise up to 743 million yuan in share private placement to fund acquisition, projects

Source text in Chinese: bit.ly/2ssloQR

Further company coverage:

$1 = 6.7672 Chinese yuan renminbi Reporting by Hong Kong newsroom

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