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BRIEF-Sinocare to invest 551.3 mln yuan to set up unit
May 24, 2016 / 3:31 AM / a year ago

BRIEF-Sinocare to invest 551.3 mln yuan to set up unit

May 24 (Reuters) - Sinocare Inc. :

* Says company will invest 551.3 million yuan to establish a unit based in Changsha with registered capital of 20 million yuan, with an investment firm

* Says company will hold 73.5 percent stake in the unit

* Says the unit will be act as an SPV for company's equity acquisition

Source text in Chinese: dwz.cn/3qPpzC

Further company coverage: (Beijing Headline News)

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