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Zhongyuan Union Stem Cell Bio-Engineering Buys Zhicheng For RMB 800 Million

This article was originally published in PharmAsia News

Executive Summary

Zhongyuan Union Stem Cell Bio-Engineering said May 22 it would buy 100% of the equity of Shanghai Zhicheng Biotechnology for RMB 800 million ($129 million) using 70% paid by shares at RMB 24.5 a share and 30% by cash.

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