January 18, 2017 / 10:06 AM / 7 months ago

BRIEF-Luyan Pharma to acquire 51 pct stake in pharma firm

Jan 18 (Reuters) - Luyan Pharma Co Ltd

* Says it signs letter of intent to acquire 51 percent stake in pharma firm for up to 102 million yuan ($14.93 million)

Source text in Chinese: bit.ly/2iHePVw

Further company coverage: ($1 = 6.8325 Chinese yuan renminbi) (Reporting by Beijing newsroom)

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