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BRIEF-Hainan Sihuan Pharmaceutical to invest 200 mln yuan in Pharmadax Foshan unit
September 4, 2017 / 10:27 AM / 2 months ago

BRIEF-Hainan Sihuan Pharmaceutical to invest 200 mln yuan in Pharmadax Foshan unit

Sept 4 (Reuters) - Pharmadax Inc :

* Says it and units signed agreement with Hainan Sihuan Pharmaceutical Co Ltd and Sihuan Pharmaceutical Holdings Group

* Hainan Sihuan Pharmaceutical Co Ltd plans to invest initial 200 million yuan in its Foshan-based pharma unit, to buy 19.99 percent stake and corporate bonds, for equity investment and strategic cooperation

Source text in Chinese: goo.gl/7dcZND

Further company coverage: (Beijing Headline News)

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