February 23, 2017 / 9:22 AM / 6 months ago

BRIEF-Quantum Hi-tech China Biological to buy pharmaceutical R&D firm

Feb 23 (Reuters) - Quantum Hi-tech China Biological Co Ltd :

* Says it will fully acquire a pharmaceutical R&D firm to hold 100 percent stake in the target company

* Major Assets Reorganization Framework Agreement was signed between the two companies

* Further details remain to be determined

Source text in Chinese: goo.gl/M4VuAH

Further company coverage: (Beijing Headline News)

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