China's Gree Real Estate to buy $243m stake in in-vitro diagnostics firm

China's Gree Real Estate to buy $243m stake in in-vitro diagnostics firm

Zhuhai Baolian Asset Management Co., Ltd, a subsidiary of China’s state-owned Gree Real Estate, is picking up an 18.63 per cent stake in in-vitro diagnostics firm Shanghai Kehua Bio-engineering Co., Ltd (KHB) for 1.7 billion yuan ($240 million), per a company statement. 

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