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BRIEF-Guirenniao to acquire Shanghai company for 2.7 bln yuan
March 12, 2017 / 3:29 PM / 6 months ago

BRIEF-Guirenniao to acquire Shanghai company for 2.7 bln yuan

March 12 (Reuters) - Guirenniao Co Ltd

* Says to acquire Shanghai health-related company for 2.7 billion yuan ($391.02 million) via cash and share issue

* Says it plans to raise up to 675 million yuan in share private placement to help fund the acquisition

Source text in Chinese: bit.ly/2mfsE0d

Furhter company coverage: ($1 = 6.9050 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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