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Boyaa Bio: Plans to transfer 100% equity of Nanjing Xinbai Pharmaceutical for approximately 235 million yuan
Boya Biological announces that the company and its wholly owned subsidiary Jiangxi Boya Pharmaceutical Investment Co., Ltd. have signed the “Equity Transfer Agreement of Nanjing Xinbai Pharmaceutical Co., Ltd.” to transfer 100% equity of Nanjing Xinbai Pharmaceutical Co., Ltd. to China Resources Shuanghe for 235 million yuan. This transaction constitutes a related-party transaction, and related directors will abstain from voting.