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BRIEF-Xunyou Network Technology to acquire mobile internet firm LionMobi for 2.7 bln yuan
June 5, 2017 / 12:47 PM / 4 months ago

BRIEF-Xunyou Network Technology to acquire mobile internet firm LionMobi for 2.7 bln yuan

June 5 (Reuters) - Sichuan Xunyou Network Technology Co Ltd

* Says it plans to acquire mobile internet firm LionMobi for 2.7 billion yuan ($396.80 million) via cash, share issue

* Says it plans to raise up to 686 million yuan in share private placement to help fund acquisition

Source text in Chinese: bit.ly/2rWtmFT

Further company coverage: ($1 = 6.8045 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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