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BRIEF-Furen Pharmaceutical Group Industry to acquire Kaifeng-based pharmaceutical firm for 7.81 bln yuan via cash, share issue
September 1, 2017 / 2:55 AM / 3 months ago

BRIEF-Furen Pharmaceutical Group Industry to acquire Kaifeng-based pharmaceutical firm for 7.81 bln yuan via cash, share issue

Sept 1 (Reuters) - Furen Pharmaceutical Group Industry Co Ltd

* Says it will issue 449.6 million shares to acquire 100 percent stake in Kaifeng-based pharmaceutical firm and acquisition price is 7.81 billion yuan

* Says it will issue up to 321.2 million shares to raise up to 5.3 billion yuan

* Proceeds will be used for stake acquisition and project fund and operating fund

Source text in Chinese:goo.gl/aQjrh8

Further company coverage: (Beijing Headline News)

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