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Company News

BUZZ-GNC Holdings: Surges on $300 mln investment by Chinese drugmaker

** Shares of nutritional products retailer up 40.8 pct at $5.90 in heavy premarket trade

** Second most actively traded in U.S. premarket

** Chinese drugmaker Harbin Pharmaceutical to invest nearly $300 mln in GNC, making it the largest shareholder

** GNC to form a JV with Harbin to make and sell its products in China

** GNC reported Q4 net loss nearly halved to $209.8 mln, helped by higher demand for its products in the United States and Canada

** GNC up 13.6 pct YTD (Reporting by Medha Singh in Bengaluru)

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