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BRIEF-Shandong Jincheng Pharma plans to acquire Beijing Laneva Pharma for 2 bln yuan via share issue
May 14, 2015 / 11:12 AM / 2 years ago

BRIEF-Shandong Jincheng Pharma plans to acquire Beijing Laneva Pharma for 2 bln yuan via share issue

May 14 (Reuters) - Shandong Jincheng Pharmaceutical And Chemical Co Ltd

* Says plans to acquire Beijing Laneva Pharmaceutical Co Ltd for 2 billion yuan ($322.51 million)via share issue

* Says to raise up to 300 million yuan in private placement of shares to fund acquisition

* Says shares to resume trading on May 15

Source text in Chinese: bit.ly/1G8Xaiz; bit.ly/1RIMXxU

Further company coverage: ($1 = 6.2013 Chinese yuan renminbi) (Reporting By Hong Kong newsroom)

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