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BRIEF-Biostar Pharmaceuticals signs a letter of intent to acquire Xianyang Yongsheng Health Products Co Ltd

Sept 22 Biostar Pharmaceuticals Inc

* Biostar Pharmaceuticals signs a letter of intent to acquire Xianyang Yongsheng Health Products Co Ltd

* To buy 100% of equity interest in Xianyang Yongsheng in exchange for cash payment, issuance of shares of Biostar's restricted common stock

* Companies seek to complete this transaction in second half of 2016 Source text for Eikon: Further company coverage:

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