Brief: Innovative Pharmaceutical Biotech updates on negotiation in relation to a potential transaction

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09/11/2015 15:00

Nov 9 (Reuters) - Innovative Pharmaceutical Biotech Ltd  0399.HK : 
* Initiated preliminary negotiation in relation to a potential transaction 
* Company and the shareholder of the target company are still at the preliminary stage of negotiation" 
* Potential transaction may involve formation of JV or acquisition of majority shareholdings of co incorporated in Bulgaria 
* No concrete terms have been agreed,no definitive agreement has been entered into by co in relation to potential transaction 
 
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