May 4, 2018 / 11:45 AM / 22 days ago

BRIEF-Kingswood Enterprise To Buy Stake In Media Firm For 415.4 Mln Yuan Via Cash, Share Issue

May 4 (Reuters) - Kingswood Enterprise Co Ltd:

* SAYS IT PLANS TO BUY 94.4 PERCENT STAKE IN MEDIA FIRM FOR 415.4 MILLION YUAN ($65.35 million) VIA CASH, SHARE ISSUE

* SAYS IT PLANS TO RAISE UP TO 200 MILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND ACQUISITION Source text in Chinese: bit.ly/2HMRanX Further company coverage: ($1 = 6.3570 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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