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BRIEF-Jiangsu Huaxicun scraps private placement, unit halts plan to invest in buyout fund
March 14, 2017 / 8:37 AM / 6 months ago

BRIEF-Jiangsu Huaxicun scraps private placement, unit halts plan to invest in buyout fund

March 14 (Reuters) - Jiangsu Huaxicun Co Ltd

* Says it scraps share private placement due to changes in policy regulations, capital market conditions

* Says its investment unit scraps plans to invest 300 million yuan ($43.40 million) in integrated circuit industry buyout fund

Source text in Chinese: bit.ly/2nixWMp; bit.ly/2nojfo0

Further company coverage: ($1 = 6.9125 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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