September 21, 2016 / 10:51 AM / 3 years ago

BRIEF-Yabao Pharma plans to acquire 75 pct stake in Qingsong Pharma for 611.8 mln yuan

Sept 21 (Reuters) - Yabao Pharmaceutical Group Co Ltd

* Says it plans to acquire 75 percent stake in Shanghai Qingsong Pharmaceutical Co Ltd for 611.8 million yuan ($91.71 million)

Source text in Chinese: bit.ly/2cPZrHa

Further company coverage: ($1 = 6.6712 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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