January 17, 2018 / 9:59 AM / 4 months ago

BRIEF-Zhejiang Jolly Pharmaceutical unit to set up industry buyout fund to invest in biomedicine firm

Jan 17(Reuters) - Zhejiang Jolly Pharmaceutical Co Ltd

* Says co’s wholly owned medical unit to set up an industry buyout fund with partner to invest in a Shanghai-based biomedicine firm, with fund’s investment amount of up to 120 million yuan

* Says unit is holding 7.85 percent stake in the Shanghai-based biomedicine firm

Source text in Chinese: goo.gl/5coZzb

Further company coverage: (Beijing Headline News)

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