Northeast Pharmaceutical Group Acquiring 70% Stake in Dingcheng Peptide Source; Shares Up 10%

MT Newswires Live

2024/11/06

Northeast Pharmaceutical Group (SHE:000597) agreed to purchase a 70% stake in Dingcheng Peptide Source for 186.8 million yuan.

Dingcheng Peptide Source provides technical services for biology and medicine and sells biological reagents, according to a Wednesday filing with the Shenzhen bourse.

Shares of the pharmaceutical company rose 10% in recent trade.

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