Jiangsu Lianhuan Pharmaceutical to Raise Stakes in Two Pharmaceutical Units

Jiangsu Lianhuan Pharmaceutical Co Ltd :

* Co plans to acquire totaling 6.5 percent stake in its Yangzhou-based pharmaceutical marketing unit from the unit’s other shareholders, raising stake in it to 98.5 percent from 91 percent

* Co plans to buy remaining 12 percent stake at 408,200 yuan in a Nanjing-based pharmaceutical tech unit which will be wholly owned by co after transaction

Source text in Chinese: goo.gl/yol85L ; goo.gl/RFTNLQ

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