January 18, 2018 / 8:31 AM / in 7 months

BRIEF-Zhonglu To Acquire Shanghai Cosmetics Firm For Abou 5.6 Bln Yuan

Jan 18 (Reuters) - Zhonglu Co Ltd:

* SAYS IT PLANS TO BUY SHANGHAI COSMETICS FIRM FOR ABOUT 5.6 BILLION YUAN ($871.73 million) VIA CASH, SHARE ISSUE

* SAYS IT PLANS TO RAISE UP TO 1.4 BILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND ACQUISITION, PROJECTS Source text in Chinese: bit.ly/2BcdCP8 Further company coverage: ($1 = 6.4240 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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