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BRIEF-Inner Mongolia Tianshou Technology plans acquisition for 1.3 bln yuan via share issue
June 26, 2017 / 12:16 PM / 6 months ago

BRIEF-Inner Mongolia Tianshou Technology plans acquisition for 1.3 bln yuan via share issue

June 26 (Reuters) - Inner Mongolia Tianshou Technology & Development Co Ltd

* Says it plans to acquire 75 percent stake and credit rights in Jilin firm for a combined 1.3 billion yuan ($190.06 million)

* Says it plans to raise up to 1.3 billion yuan in share private placement to fund the acquisition

Source text in Chinese: bit.ly/2ta5myS; bit.ly/2sd6g9Q

Further company coverage: ($1 = 6.8400 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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