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BRIEF-Yunnan Tourism to acquire 80 pct stake in Chinese gardens operator
August 13, 2014 / 12:37 PM / 3 years ago

BRIEF-Yunnan Tourism to acquire 80 pct stake in Chinese gardens operator

Aug 13 (Reuters) - Yunnan Tourism Co Ltd

* Says to acquire 80 percent stake in an operator of Chinese gardens for 475.2 million yuan (77.23 million US dollar) via cash, share issue

* Says to raise 158.4 million yuan via private placement to help fund the acquisition

* Says its shares to resume trading on Aug 14

Source text in Chinese: bit.ly/1r8MTNc; bit.ly/1nONvjm

Further company coverage: (1 US dollar = 6.1531 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)

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