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BRIEF-Guangzhou Yuetai plans private placement, health tech firm
December 29, 2016 / 1:14 PM / a year ago

BRIEF-Guangzhou Yuetai plans private placement, health tech firm

Dec 29 (Reuters) - Guangzhou Yuetai Group Co Ltd

* Says it plans to invest 500 million yuan ($71.91 million) to set up health technology firm

* Says it aims to raise up to 3.6 billion yuan in private placement of shares to fund projects

* Says share trade to resume on Dec 30

Source text in Chinese: bit.ly/2hvUV2z; bit.ly/2hshj9N; bit.ly/2iIdXAr

Further company coverage: ($1 = 6.9535 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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