April 23 (Reuters) - Dongfang Modern Agriculture Holding Group Ltd DFM.AX :
* ACQUISITION OF 70 PCT OF BIO HEALTH PHARMACEUTICALS FOR TOTAL CASH CONSIDERATION OF $18 MILLION
* INTENDS TO INVEST A FURTHER $5 MILLION IN BIO HEALTH'S FACILITY SUBJECT TO CERTAIN CONDITIONS
* TRANSACTION FUNDED THROUGH TERM LOAN FACILITY WITH CHINA HUARONG MACAU (HK) INVESTMENT HOLDINGS
* TERM LOAN OF $50 MILLION WAS FULLY DRAWN ON 2 JAN 2018
* BIO HEALTH EXPECTS TO REPORT NET SALES FOR CALENDAR YEAR 2018 OF $9.6 MILLION