June 12, 2020 / 1:14 PM / 25 days ago

BRIEF-Beijing Strong Biotechnologies Plans To Buy 65.55% Stake In MXB Biotechnologies For 1.8 Bln Yuan

June 12 (Reuters) - Beijing Strong Biotechnologies Inc :

* SAYS IT PLANS TO BUY 65.55% STAKE IN FUZHOU BIOTECHNOLOGY FIRM MXB BIOTECHNOLOGIES FOR 1.8 BILLION YUAN ($254.56 million)

* SAYS PARTNER CHINA NATIONAL PHARMACEUTICAL INVESTMENT WILL BUY 30% STAKE IN MXB BIOTECHNOLOGIES Source text in Chinese: bit.ly/30A0vrv Further company coverage: ($1 = 7.0711 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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