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BRIEF-Hebei Hengshui Laobaigan plans to acquire liquor firm for about 1.4 bln yuan
April 21, 2017 / 2:09 PM / 7 months ago

BRIEF-Hebei Hengshui Laobaigan plans to acquire liquor firm for about 1.4 bln yuan

April 21 (Reuters) - Hebei Hengshui Laobaigan Liquor Co Ltd

* Says it plans to acquire a liquor firm for about 1.4 billion yuan ($203.36 million) via cash, share issue

* Says it plans to raise up to 400 million yuan in share private placement to fund acquisition

Source text in Chinese: bit.ly/2pM7uM9

Further company coverage: ($1 = 6.8845 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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