Brief: Innovative Pharmaceutical Biotech terminates MoU in relation to proposed acquisition

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14/09/2017 15:55

Sept 14 (Reuters) - Innovative Pharmaceutical Biotech Ltd 
 0399.HK : 
    * Termination of memorandum of understanding in relation to 
a proposed acquisition 
    * Co and vendor decided not to proceed with proposed 
acquisition and entered into a deed of termination 
    * Termination of MoU would not have any material adverse 
impact on existing business operation of co 
    * Termination of MoU related to purchase of stake in HK.DNA 
Diagnostics Centre , Hong Kong Modern Medical Service & Modern 
Medical Specialties 
 
Source text for Eikon:  ID:nHKS5ZcffW  
Further company coverage:  0399.HK  
 
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