March 30, 2018 / 7:31 AM / 21 days ago

BRIEF-CMIC Holdings says business and capital alliance with Development Bank of Japan

March 30(Reuters) - CMIC Holdings Co Ltd

* Says it plans business and capital alliance with Development Bank of Japan Inc, on CDMO business

* Says the company’s wholly owned unit CMIC CMO Co., Ltd will issue shares through private placement to Development Bank of Japan Inc, to raise 8.5 billion yen, with payment date in June

* Says the company will hold 50 percent to 60 percent stake in CMIC CMO Co., Ltd after the private placement

Source text in Japanese:goo.gl/q5GKmr

Further company coverage: (Beijing Headline News)

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