Brief: Tongfang Kontafarma Holdings To Issue 400 Mln Shares, buy 40% Stake In Tongfang Pharma

Kontafarma China Holdings

23/01/2018 14:57

Jan 23 (Reuters) - Tongfang Kontafarma Holdings Ltd 
 1312.HK : 
    * TO ALLOT AND ISSUE 400 MILLION SUBSCRIPTION SHARES AT 
HK$0.5 PER 
SUBSCRIPTION SHARE 
    * ESTIMATED NET PROCEEDS FROM ISSUE OF SUBSCRIPTION SHARES 
HK$198.5 MILLION 
    * UNIT TO BUY REMAINING 40 PCT EQUITY INTEREST IN TONGFANG 
PHARMACEUTICAL FOR RMB200 MILLION FROM KINGWOOD LTD 
 
Source text for Eikon:  ID:nHKS4cgbjV  
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 ((Bangalore.newsroom@thomsonreuters.com;))