Brief: Shandong Weigao Group Medical Polymer updates on disposal of interest in Weigao Ortho
25/05/2016 15:01
May 25 (Reuters) - Shandong Weigao Group Medical Polymer Co Ltd 1066.HK : * Exempted connected transaction - deemed disposal of interest in weigao ortho 1066.HK * Says weigao ortho and the subscribers entered into the subscription agreement * Deal for an aggregate consideration of approximately RMB311 million * Shandong weigao group medical polymer co - upon completion of agreement, equity interest of co in weigao ortho has been reduced from 90% to 81% * Group intends to apply the net proceeds to purchase land use right and building from the company * Source text (http://bit.ly/1TzxlLo) ((For more news, please click here 1066.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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