December 16, 2016 / 8:59 AM / 7 months ago

BRIEF-Tongfang Kontafarma announces subscription of equity interest in Binex Co

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Dec 16 (Reuters) - Tongfang Kontafarma Holdings Ltd :

* Total subscription consideration for the deal is krw210.92 billion

* very substantial acquisition in relation to subscription of equity interest in Binex Co., Ltd.

* Co entered into share subscription agreement with target company, being a company listed on kosdaq

* Application has been made to stock exchange for resumption of trading of shares on stock exchange on 19 dec Source text for Eikon: Further company coverage:

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