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BRIEF-China property developer Sanxiang plans to acquire arts firm for 1.9 bln yuan via cash, share issue
July 6, 2015 / 12:35 PM / 2 years ago

BRIEF-China property developer Sanxiang plans to acquire arts firm for 1.9 bln yuan via cash, share issue

July 6 (Reuters) - Sanxiang Co Ltd

* Says plans to acquire Impression Wonders Arts Development for 1.9 billion yuan ($306.01 million) via cash, share issue

* Says aims to raise up to 1.9 billion yuan via issuing shares to 10 investors including fund backed by Jack Ma

Source text in Chinese: bit.ly/1H4Kk0C

Further company coverage: ($1 = 6.2089 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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