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BRIEF-Nanjing Xinjiekou Department Store to acquire biotechnology firm for 6 bln yuan
November 29, 2017 / 10:42 AM / 12 days ago

BRIEF-Nanjing Xinjiekou Department Store to acquire biotechnology firm for 6 bln yuan

Nov 29 (Reuters) - Nanjing Xinjiekou Department Store Co Ltd :

* SAYS IT PLANS TO BUY SHIDING SHENGWU BIOTECHNOLOGY (HONG KONG) TRADING FOR 5.97 BILLION YUAN ($904.82 million) VIA SHARE ISSUE

* SAYS IT AIMS TO RAISE UP TO 2.55 BILLION YUAN IN PRIVATE PLACEMENT OF SHARES TO FUND MEDICINE PROVENGE PROJECTS Source text in Chinese: bit.ly/2i0TJ6O Further company coverage: ($1 = 6.5980 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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