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BRIEF-Shangying Global to acquire Shanghai firm for 1.7 bln yuan via share issue
June 5, 2017 / 12:26 PM / 4 months ago

BRIEF-Shangying Global to acquire Shanghai firm for 1.7 bln yuan via share issue

June 5 (Reuters) - Shangying Global Co Ltd

* Says it plans to acquire a Shanghai company for about 1.7 billion yuan ($249.85 million) via share issue

* Says it will indirectly own apparel manufacturer Kellwood Apparel in the U.S. and Kellwood HK Ltd after transaction

* Says it plans to raise up to 412.1 million yuan in share private placement to fund projects, acquisition

Source text in Chinese: bit.ly/2rsRPRR

Further company coverage: ($1 = 6.8042 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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