April 12, 2017 / 12:25 PM / 5 months ago

BRIEF-Aeolus Tyre plans asset acquisition, share private placement

April 12 (Reuters) - Aeolus Tyre Co Ltd

* Says it plans to buy 90 percent stake in Prometeon Tyre Group S.r.l., domestic tyre firm and industrial tyres related assets for a combined 5.8 billion yuan ($841.58 million) via share issue

* Says it aims to raise up to 2.0 billion yuan in private placement of shares to fund projects

Source text in Chinese: bit.ly/2p5eumX

Further company coverage: ($1 = 6.8918 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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