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BRIEF-Lawton Development to buy supply chain firm for 2 bln yuan via share issue
October 16, 2017 / 11:26 AM / in 2 months

BRIEF-Lawton Development to buy supply chain firm for 2 bln yuan via share issue

Oct 16 (Reuters) - Lawton Development Co Ltd

* Says it plans to buy a supply chain firm for 2.0 billion yuan ($303.56 million) via share issue

* Says it aims to raise up to 600 million yuan in private placement of shares to fund projects

Source text in Chinese: bit.ly/2zsxIFd

Further company coverage: ($1 = 6.5885 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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