Edition:
India

Aeolus Tyre revises asset acquisition plan, cuts share issue size


Monday, 25 Sep 2017 

Sept 25 (Reuters) - Aeolus Tyre Co Ltd <600469.SS>:Says it revises asset acquisition plan, to buy 90 percent stake in Prometeon Tyre Group S.R.L., 70 percent stake in domestic tyre firm for 5.1 billion yuan ($773.14 million).Says it will raise up to 1.7 billion yuan in share private placement, revising from 2.0 billion yuan previously. 

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