October 13, 2016 / 2:22 AM / 10 months ago

BRIEF-Ningbo Medicalsystem Biotechnology to buy stake in Wuhan tech firm

Oct 13 (Reuters) - Ningbo Medicalsystem Biotechnology Co Ltd :

* Says co will hold 56 percent stake in a Wuhan-based technology firm(target firm), via full acquisition of 100 percent stake in a Shangrao-based tech firm at 83 million yuan

* Co plans to continually acquire medical devices management business and related assets, via target firm

Source text in Chinese: goo.gl/ScRv2e

Further company coverage: (Beijing Headline News)

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