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3 months ago
BRIEF-Kangmei Pharma's controlling shareholder, vice chairwoman to increase stakes
May 10, 2017 / 12:15 PM / 3 months ago

BRIEF-Kangmei Pharma's controlling shareholder, vice chairwoman to increase stakes

May 10 (Reuters) - Kangmei Pharmaceutical Co Ltd

* Says controlling shareholder plans to increase stake by no more than 2 percent in the company for up to 500 million yuan ($72.45 million) within next 12 months

* Says Vice Chairwoman Xu Dongjin plans to increase stake in the company for up to 500 million yuan within next 12 months

Source text in Chinese: bit.ly/2qSA4vJ

Further company coverage: ($1 = 6.9010 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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