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9 months ago
BRIEF-Shanghai China Fortune buys brokerage assets via asset swap, share issue
November 7, 2016 / 1:03 PM / 9 months ago

BRIEF-Shanghai China Fortune buys brokerage assets via asset swap, share issue

Nov 7 (Reuters) - Shanghai China Fortune Co Ltd

* Says it buys 92 percent stake in China Fortune Securities for 4.93 billion yuan ($727.89 million) via asset swap, share issue

* Says it aims to raise up to 1.27 billion yuan in private placement of shares to boost capital

Source text in Chinese: bit.ly/2eF0PNb

Further company coverage: ($1 = 6.7730 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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