Brief: China Wah Yan Healthcare enters share transfer agreement with China New Rich Medicine

New Ray Medicine International Holding

02/12/2016 14:47

Dec 2 (Reuters) - China Wah Yan Healthcare Ltd  0648.HK  
    * Wah Yan Healthcare and purchaser (a wholly-owned 
subsidiary of New Ray Medicine) entered into share transfer 
agreement 
    * Deal for aggregate cash consideration of HK$88 million 
    * Purchaser to acquire sale shares, representing an 
aggregate of about  29.0% of issued share capital of RK 
Pharmaceutical 
    * Purchaser is China New Rich Medicine Holding Co. Limited 
 
Source text for Eikon:  ID:nHKS2FDnhy  
Further company coverage:  0648.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))