May 22, 2017 / 12:36 PM / 4 months ago

BRIEF-China Enterprise to buy property firm via cash, share issue

May 22 (Reuters) - China Enterprise Co Ltd

* Says it plans to buy property firm in Shanghai for 17.5 billion yuan ($2.54 billion) via cash, share issue

* Says it aims to raise up to 4.2 billion yuan in private placement of shares to fund the acquisition, projects

Source text in Chinese: bit.ly/2qbEgm0

Further company coverage: ($1 = 6.8880 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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