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3 months ago
CORRECTED-OFFICIAL-BRIEF-GNI Group to acquire Berkeley Advanced Biomaterials through GNI USA(April 18)
April 18, 2017 / 8:43 AM / 3 months ago

CORRECTED-OFFICIAL-BRIEF-GNI Group to acquire Berkeley Advanced Biomaterials through GNI USA(April 18)

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(Corrects target company name in headline and text after GNI Group officially corrects statement)

April 19 (Reuters) - GNI Group Ltd

* Says it will acquire 70 percent voting power of a new unit of Berkeley Advanced Biomaterials, Inc., for $59.7 million (6.51 billion yen), through GNI USA, Inc.

* Says Berkeley Advanced Biomaterials,Inc. will set up a new unit, and transfer all property and business to unit

* Says transaction effective July 31

Source text in Japanese:goo.gl/x0h5qu; goo.gl/UheKda

Further company coverage: (Beijing Headline News)

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