July 12, 2020 / 9:21 AM / a month ago

BRIEF-Joincare Pharmaceutical Plans Private Placement Of Shares To Boost Capital, Scraps Share Buyback

July 12 (Reuters) - Joincare Pharmaceutical Group Industry Co Ltd:

* SAYS IT AIMS TO RAISE UP TO 2.2 BILLION YUAN ($314.33 million) IN PRIVATE PLACEMENT OF SHARES TO BOOST CAPITAL

* SAYS IT SCRAPS SHARE BUYBACK PLAN ANNOUNCED IN FEBRUARY Source text in Chinese: bit.ly/2Oeom8T ; bit.ly/2OggHa1 Further company coverage: ($1 = 6.9990 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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