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BRIEF-Yinyi Real Estate to acquire Ningbo Investment firm for 2.8 bln yuan via share issue
September 30, 2016 / 5:01 AM / a year ago

BRIEF-Yinyi Real Estate to acquire Ningbo Investment firm for 2.8 bln yuan via share issue

Sept 30 (Reuters) - Yinyi Real Estate Co Ltd

* Says to acquire Ningbo Investment firm for 2.845 billion yuan ($426.58 million) via share issue

* Says will indirectly own ARC Group’s auto parts assets after transaction

Source text in Chinese: bit.ly/2dfrq1x

Further company coverage: ($1 = 6.6694 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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