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BRIEF-Tianda Pharmaceuticals Announces Disposal Of Interest In A Unit

Feb 22 (Reuters) - Tianda Pharmaceuticals Ltd:

* ANNOUNCES DISPOSAL OF 100% EQUITY INTEREST OF A WHOLLY-OWNED SUBSIDIARY

* TIANDA GROUP TO ACQUIRE ENTIRE INTEREST IN ZHUHAI TARGET FROM TIANDA PHARMACEUTICALS (HONG KONG) FOR RMB125 MILLION

* GROUP ANTICIPATES THAT TRANSACTIONS WILL REALISE A DISPOSAL GAIN OF ABOUT RMB14.7 MILLION

* TIANDA GROUP TO ALSO ACQUIRE CASH AT BANK OF ZHUHAI TARGET, BRINGING TOTAL CONSIDERATION TO ABOUT RMB145 MILLION Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)