December 14, 2016 / 12:47 PM / 7 months ago

BRIEF-China NT Pharma Group updates on unusual price movement of shares

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Dec 14 (Reuters) - China NT Pharma Group Co Ltd :

* Confirms company is under normal operation and no substantial shareholders have recently reduced their shareholdings

* "board believes shares have been trading at level which significantly undervalues company's performance and underlying value"

* Noted decrease in price and increase in trading volume of shares of company

* Directors are not aware of any reasons for price and volume movements or of any information which must be announced

* Announces intention to repurchase up to 155.8 million shares

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