April 25, 2017 / 3:36 PM / 3 months ago

BRIEF-China Innovative Finance says unit entered into agreement

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April 25 (Reuters) - China Innovative Finance Group Ltd :

* Major and connected transaction in relation to acquisition of 40% equity interest in target company

* Transaction in relation to acquisition of 40% equity interest in target company

* Deal consideration shall be hk$1.50 bln

* Unit entered into agreement with Shandong International and Shandong Rural

* Unit to acquire 40% of issued share capital of Shandong Hi-Speed (BVI) International

* Consideration shall be satisfied by allotment and issuance of 5 bln shares at issue price of hk$0.3 per share to seller Source text: [bit.ly/2q13eW2] Further company coverage:

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