May 4, 2020 / 12:54 PM / a month ago

BRIEF-China Grand Pharmaceutical And Healthcare Announces Further Subscription Of Shares In Grand Pharma Sphere

May 4 (Reuters) - China Grand Pharmaceutical and Healthcare Holdings Ltd:

* ENTERS SUBSCRIPTION AGREEMENT WITH CDH GENETECH LTD TO FURTHER SUBSCRIBE IN SHARES OF GRAND PHARMA SPHERE

* TOTAL CONSIDERATION FOR SUBSCRIPTION IS $150 MILLION; GROUP TO INVEST $73.5 MILLION

* IN ANY EVENTS, STAKES HELD BY GROUP IN GRAND PHARMA SPHERE WILL REMAIN AT 49% AFTER FURTHER SUBSCRIPTION Source text for Eikon: Further company coverage:

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