Alltest Biotech's Unit Buys Land for Planned Factory for 19 Million Yuan
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Hangzhou Alltest Biotech's unit, Fanling Biotechnology (Hangzhou), bought land for 19.2 million yuan, according to a Shanghai bourse filing on Tuesday. The land, with a land area of 21,270 square meters, is located in the Chinese communities of Hengtang and Gongnong. The land will be the site for a factory that will produce 200 million diagnostic reagents and electronic instruments every year. The medical diagnostic company will invest up to 300 million yuan into the project.
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