May 22, 2017 / 3:25 AM / 2 months ago

BRIEF-Wanfu Biotechnology Hunan Agricultural Development plans assets sale and acquisition

1 Min Read

May 22 (Reuters) - Wanfu Biotechnology Hunan Agricultural Development Co Ltd

* Says it plans to sell two firms for a cmobined for 173.0 million yuan ($25.11 million) to controlling shareholder

* Says it plans to acquire stake in Qingdao-based food processing firm for 192 million yuan

Source text in Chinese: bit.ly/2q829f5

Further company coverage: ($1 = 6.8903 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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