September 18, 2014 / 2:51 PM / 3 years ago

BRIEF-China's Baolilai Investment plans acquisition via cash, share issue

Sept 18 (Reuters) - China’s Baolilai Investment Co Ltd Guangdong

* Says plans to acquire Beijing Sheenline Technology for 1.8 billion yuan (293.16 million US dollar) via cash, share issue

* Says plans to raise up to 600 million yuan in private placement of shares to fund the acquisition

* Says shares to resume trading on September 19

Source text in Chinese:bit.ly/1qNVFPU ; bit.ly/1qhqQNB

Further company coverage: (1 US dollar = 6.1400 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)

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