February 20, 2017 / 9:21 AM / in 5 months

BRIEF-Wanfu Biotechnology changes controlling shareholder, share trade to resume

1 Min Read

Feb 20 (Reuters) - Wanfu Biotechnology Hunan Agricultural Development Co Ltd

* Says share to resume trading on Feb 21 after its biggest shareholder in deal to sell entire 26.6 percent stake in the company

* Says transaction involves 1.1 billion yuan ($159.95 million), equivalent to 31.84 yuan per share for 35.6 million shares in Wanfu Biotechnology

* Says Joyvio Group become company's controlling shareholder after transaction, Legend Holdings Corp becomes the owner

Source text in Chinese: bit.ly/2mdPRzr; bit.ly/2lBUkiJ

Further company coverage: ($1 = 6.8772 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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