Reuters logo
BRIEF-GZ Friendship plans share issue to fund acquisition of Yuexiu Financial
December 8, 2014 / 11:43 AM / 3 years ago

BRIEF-GZ Friendship plans share issue to fund acquisition of Yuexiu Financial

Dec 8 (Reuters) - Guangzhou Friendship Group Co Ltd

* Says plans to raise up to 10 billion yuan ($1.62 billion) in private placement of shares to acquire Yuexiu Financial Holdings

* Says Guangzhou government plans to invest 5.5 billion yuan in subscribing the planned share issue

* Says shares to resume trading on December 9

Source text in Chinese: bit.ly/1u8CywZ; bit.ly/12DBGZR; bit.ly/12DBHgt

Further company coverage: ($1 = 6.1725 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below