Brief: Innovative Pharmaceutical Biotech Says Co To Sell Shares In Extrawell Pharmaceutical

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24/06/2019 15:42

June 24 (Reuters) - Innovative Pharmaceutical Biotech Ltd
 0399.HK :
    * CO TO SELL AND  MAO YUMIN TO ACQUIRE 457.5 MILLION
SHARE(S) OF
PAR VALUE HK$0.01 EACH IN EXTRAWELL PHARMACEUTICAL
    * DEAL FOR AGGREGATE CONSIDERATION OF HK$270 MILLION
    * CO ALSO TO SELL TO MAO YUMIN CONVERTIBLE BONDS ISSUED BY
EXTRAWELL PHARMACEUTICAL WITH CONVERSION RIGHT

Source text for Eikon:  ID:nHKS7RHwkD 
Further company coverage:  0399.HK 

 ((Reuters.Briefs@thomsonreuters.com;))