Brief: Tianda Pharmaceuticals Announces Disposal Of Interest In A Unit
22/02/2019 09:54
Feb 22 (Reuters) - Tianda Pharmaceuticals Ltd 0455.HK :
* ANNOUNCES DISPOSAL OF 100% EQUITY INTEREST OF A
WHOLLY-OWNED
SUBSIDIARY
* TIANDA GROUP TO ACQUIRE ENTIRE INTEREST IN ZHUHAI TARGET
FROM
TIANDA PHARMACEUTICALS (HONG KONG) FOR RMB125 MILLION
* GROUP ANTICIPATES THAT TRANSACTIONS WILL REALISE A
DISPOSAL GAIN
OF ABOUT RMB14.7 MILLION
* TIANDA GROUP TO ALSO ACQUIRE CASH AT BANK OF ZHUHAI
TARGET,
BRINGING TOTAL CONSIDERATION TO ABOUT RMB145 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS8YvzdB
Further company coverage: 0455.HK
(Reuters.Briefs@thomsonreuters.com)
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