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Huadong Medicine plans to acquires 100 pct stake in Sinclair Pharma

August 29, 2018


Abstract : Huadong Medicine Co. announced on Wednesday that its wholly-owned sub-subsidiary Huadong Medicine Aesthetics Investment (HongKong) Limited planned to acquire a 100 percent stake in Sinclair Pharma plc.

华东医药

BEIJING, Aug.29 (Xinhua) -- Huadong Medicine Co.,Ltd. (000963.SZ) announced on Wednesday that its wholly-owned sub-subsidiary Huadong Medicine Aesthetics Investment (HongKong) Limited planned to acquire a 100 percent stake in Sinclair Pharma plc,a UK-based aesthetic and medical company, for about 1.5 billion yuan, the Xinhua-run cnstock.com reported.

According to the announcement, the offer is likely to be made in cash.

(Edited by Yang Yifan, yangyifan@xinhua.org)

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Keyword: China-medical Huadong-Medicine

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