Zhejiang Conba Pharmaceutical has sold 57.3% stake in a pharmaceutical company for ¥345.1m ($50.27m).
Based in China, the Zhejiang Conba is a subsidiary of Conba Group.
Canadian oil and gas exploration and production company Vinergy Resources intends to acquire 65% stake in Biolennia Laboratories.
Also based in Canada, the target company provides drug testing services.
Vinergy Resources will pay C$0.26m ($0.2m) in addition to 150,000 shares of its common stock upon signing a definitive agreement for the acquisition.
The acquisition is expected to be completed in the first quarter of this year.