NEWS

Porton Fine Chemicals plans to acquire Dongbang Pharma for 260 mln yuan

Wednesday, Feb 25, 2015

Porton Fine Chemicals Ltd Says plans to acquire Jiangxi Dongbang Pharmaceutical Co Ltd for 260 million yuan ($41.57 million) via cash and share issue

Says plans to raise up to 65 million yuan in private placement of shares to fund acquisition

Says shares to resume trading on Feb. 25

 

Source : www.reuters.com