December 20, 2017 / 8:33 AM / 6 months ago

BRIEF-Harbin Gloria Pharmaceuticals to acquire 70 pct stake in Shanghai-based information tech firm

Dec 20(Reuters) - Harbin Gloria Pharmaceuticals Co Ltd

* Says it signs framework agreement to acquire 70 percent stake in a Shanghai-based information technology firm (target firm), at the tentative price of about 1.6 billion yuan

* Says target firm is mainly engaged in market service of bank card receipt business

* Says final acquisition price will be decided later

Source text in Chinese: goo.gl/eHu9i4

Further company coverage: (Beijing Headline News)

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