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New Ray Medicine (6108) buys 39% of C&C International Healthcare Group Ltd for HK$189.31m

Company announcement, 18-Oct-2016

The first 9% does not require shareholders' approval but the second tranche does. NRM fails to say who owns the rest of the target or who owns the vendor, JFA Capital, but we can tell you JFA Capital is 49.5% owned by Convoy (1019). JFA has already sold 4% to Rui Kang Pharmaceutical (8037) and 5% to Finsoft (8018), both in July.

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