July 5, 2018 / 12:45 PM / 17 days ago

Sinclair Pharma gets takeover approach from Chinese firms

July 5 (Reuters) - Sinclair Pharma said it had received a takeover approach from privately-owned China Grand Enterprises Inc. and its affiliate company Huadong Medicine Co but said discussions were at a very early stage.

China Grand Enterprises and Huadong Medicine have until August 2 to make an offer or walk away under stock market rules. (Reporting By Justin George Varghese in Bengaluru. Editing by Jane Merriman)

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