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BRIEF-Zhejiang Jolly Pharmaceutical to sell 85 pct stake in pharmaceutical firm for 21.1 mln yuan
November 20, 2017 / 7:18 AM / 24 days ago

BRIEF-Zhejiang Jolly Pharmaceutical to sell 85 pct stake in pharmaceutical firm for 21.1 mln yuan

Nov 20 (Reuters) - Zhejiang Jolly Pharmaceutical Co Ltd

* Says it will decrease registered capital of Zhejiang-based pharmaceutical unit to 10 million yuan from 15 million yuan

* Says it will sell 85 percent stake in Zhejiang-based pharmaceutical unit for 21.1 million yuan and decrease stake in the pharmaceutical unit to 15 percent after transaction

Source text in Chinese:goo.gl/fUivVV

Further company coverage: (Beijing Headline News)

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