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BRIEF-Zhongyuan Union Cell & Gene Engineering to invest 7.5 mln yuan to jointly set up gene tech JV
May 9, 2017 / 6:53 AM / 2 months ago

BRIEF-Zhongyuan Union Cell & Gene Engineering to invest 7.5 mln yuan to jointly set up gene tech JV

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May 9 (Reuters) - Zhongyuan Union Cell & Gene Engineering Corp Ltd :

* Says it plans to invest 7.5 million yuan to set up a cell gene technology JV in Wuhan with a Wuhan-based bio pharma company

* Says the JV will be capitalized at 10 million yuan and the company will hold 75 percent stake in it

Source text in Chinese: goo.gl/rcCWF3

Further company coverage: (Beijing Headline News)

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