Brief: Yifan Pharma's Unit To Buy Stake In SciGen To Bring It Private, Signs Agreement On Binding Offer With Bioton

Bioton SA

15/05/2018 14:11

May 15 (Reuters) - Yifan Pharmaceutical Co Ltd  002019.SZ  :
    * SAYS UNIT YIFAN INTERNATIONAL PHARMACEUTICAL PLANS TO
OFFER TO
BUY AT LEAST 90 PERCENT STAKE IN SCIGEN  SIE.AX  AT $0.0507 PER
SHARE TO EVENTUALLY BRING SCIGEN PRIVATE
    * SAYS UNIT HAS SIGNED AGREEMENT ON BINDING OFFER WITH
SCIGEN'S
CONTROLLING SHAREHOLDER BIOTON  BIOP.WA 

Source text in Chinese: https://bit.ly/2ImdqFx
Further company coverage:  002019.SZ  SIE.AX  BIOP.WA 

 (Reporting by Hong Kong newsroom)
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