Brief: Golden Faith Group Says Unit To Buy 67% Of Rights Of A Drug In Greater China

Golden Faith group

21/10/2020 24:11

Oct 21 (Reuters) - Golden Faith Group Holdings Ltd
 2863.HK :
    * UNIT TO BUY 67% OF DEVELOPMENT, PRODUCTION AND
DISTRIBUTION
RIGHTS OF DRUG AD-SGE-REIC/DKK-3 IN GREATER CHINA
    * UNIT TO BUY RIGHTS FROM EKISHIN (HONG KONG) LTD
    * RIGHTS FOR FURTHER DEVELOPMENT OF DRUG FOR REGISTRATION IN
NMPA
    * ACQUISITION CONSIDERATION FOR TARGET RIGHTS OF HK$9.9
MILLION
    * DEAL FOR SERVICES TO BE PROVIDED BY EKISHIN (HONG KONG)
FOR
DEVELOPMENT OF DRUG HK$28.2 MILLION
    * TO ISSUE 81 MILLION SHARES TO EKISHIN (HONG KONG) AT ISSUE
PRICE
HK$0.47/SHARE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2YFq6c
Further company coverage:  2863.HK 

 (Reuters.Briefs@thomsonreuters.com)