October 12, 2016 / 12:12 PM / 9 months ago

BRIEF-Shenzhen Sunwin Intelligent to acquire social network site operator for 1 bln yuan

1 Min Read

Oct 12 (Reuters) - Shenzhen Sunwin Intelligent Co Ltd

* Says it plans to buy social network site operator for 1.08 billion yuan ($161.96 million) via cash, share issue

* Says it aims to raise up to 540 million yuan in private placement of shares to fund the acquisition, project

Source text in Chinese: bit.ly/2dvIDCV

Further company coverage: ($1 = 6.6685 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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