Brief: Innovative Pharmaceutical Biotech updates on preliminary negotiation in relaton to potential transaction

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10/11/2015 08:17

Nov 10 (Reuters) - Innovative Pharmaceutical Biotech Ltd  0399.HK : 
 * Initiated preliminary negotiation in relation to potential transaction 
 * Potential transaction may involve formation of jv and/or acquisition of majority shareholdings of a co in bulgaria 
 * Target company is a resort in bulgaria which consists of hotels, a golf course and residential property 
 * No concrete terms have been agreed,no definitive agreement has been entered into by co in relation to potential transaction 
 
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