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BRIEF-Baiyang Investment Group plans asset acquisition via cash, share issue
March 15, 2017 / 10:03 AM / 6 months ago

BRIEF-Baiyang Investment Group plans asset acquisition via cash, share issue

March 15 (Reuters) - Baiyang Investment Group Inc

* Says it plans to buy Beijing-based tech firm for 974 million yuan ($140.91 million) via cash, share issue

* Says it plans to raise up to 560 million yuan in share private placement to fund acquisition, projects

Source text in Chinese: bit.ly/2nmGpyc; bit.ly/2mYIQG7

Further company coverage: ($1 = 6.9120 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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