BRIEF-Shanghai Chinafortune to buy 66 pct stake in securities company via assets and share issue
April 7 Shanghai Chinafortune Co Ltd :
* Says it will issue 416.8 million shares at 9.59 yuan per share use its real estate business assets in exchange for 66 percent stake in a Shanghai-based securities company
* Says it will issue 120 million shares at 10.60 yuan per share via private placement, to raise 1.27 billion yuan for following operations
Source text in Chinese: goo.gl/tYadf5
Further company coverage: (Beijing Headline News)
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