Yifeng Pharmacy Chain (SHA:603939) agreed to terminate a share issuance deal, according to a Shanghai Stock Exchange filing on Saturday.
Under the deal, Li Zhenguo was supposed to transfer about 43.5 million shares in the company, Jiuzhitang.
The medicine and medical equipment manufacturer said both parties made deliberations before the termination, the filing said.
The company's shares rose more than 1% in recent trade.
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