by Richard Daverman, PhD
August 26, 2013 -- Xilong Chemical signed a Letter of Intent to acquire a 75% interest in Fujian Newland Life Technologies. The price will be set somewhere in a range between 75 million RMB and 120 million RMB ($12-$20 million). Both companies are in the reagents business though pharmaceutical reagents will be a new field for Xilong. Newland Life is a subsidiary of Newland Group. More details....
Stock Symbol: (SHE: 002584)
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