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BRIEF-Shanghai Fosun Pharmaceutical acquires stakes in Jiangsu Wanbang, Xuzhou Wanbang Jinqiao
December 22, 2016 / 2:47 PM / in 7 months

BRIEF-Shanghai Fosun Pharmaceutical acquires stakes in Jiangsu Wanbang, Xuzhou Wanbang Jinqiao

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Dec 22 (Reuters) - Shanghai Fosun Pharmaceutical Group Co Ltd :

* Company and individual shareholders entered into Jiangsu Wanbang share transfer agreement

* Individual shareholders agreed to sell and company agreed to purchase Jiangsu Wanbang sale shares for consideration of not more than RMB180 million

* Unit Fosun Pharma Industrial and Runjia Sci-Tech entered into Wanbang Jinqiao equity transfer agreement

* Runjia sci-tech agreed to sell and Fosun Pharma Industrial agreed to purchase Wanbang Jinqiao sale interest

* Deal consideration for Wanbang Jinqiao equity transfer agreement is of not more than RMB9.09 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780; )

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