BRIEF-Sino Biopharmaceutical Says Acquisition Of 29.99% Equity Interest In Hob Biotech

Reuters10-31

Oct 30 (Reuters) - Sino Biopharmaceutical Ltd :

* ACQUISITION OF 29.99% EQUITY INTEREST IN TARGET COMPANY

* DEAL FOR RMB630.0 MILLION

* UNIT ENTERED EQUITY TRANSFER AGREEMENT WITH HOB BIOTECH HK

* BEIJING RUNKANG AGREED TO ACQUIRE 29.99% STAKE IN HOB BIOTECH GROUP

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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