June 26, 2017 / 12:45 PM / a month ago

BRIEF-Hangzhou Tianmushan Pharma to acquire Anhui firm for 360 mln yuan via cash, share issue

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June 26 (Reuters) - Hangzhou Tianmushan Pharmaceutical Enterprise Co Ltd

* Says to acquire Anhui pharmaceutical firm for an estimated 360 million yuan ($52.65 million) via cash, share issue

* Says it plans to raise up to 180 million yuan in share private placement to help fund acquisition

Source text in Chinese: bit.ly/2sdzk0F

Further company coverage: ($1 = 6.8382 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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