BRIEF-China's Zhongyuan Union Stem Cell to acquire ZhiCheng Biological via share issue, cash

Mon Feb 24, 2014 12:30am EST





* Says plans to acquire Shanghai ZhiCheng Biological Technology Co Ltd via share issue and cash payment



* Says plans to issue shares to its controlling shareholder by raising 266 mln yuan for acquisition's cash payment



Further company coverage: ($1 = 6.0914 Chinese yuan) (Reporting by Hong Kong and Shanghai newsrooms)

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