Reuters logo
in 4 months
BRIEF-Shanghai Chinafortune to buy 66 pct stake in securities company via assets and share issue
April 7, 2017 / 8:57 AM / in 4 months

BRIEF-Shanghai Chinafortune to buy 66 pct stake in securities company via assets and share issue

1 Min Read

April 7 (Reuters) - Shanghai Chinafortune Co Ltd :

* Says it will issue 416.8 million shares at 9.59 yuan per share use its real estate business assets in exchange for 66 percent stake in a Shanghai-based securities company

* Says it will issue 120 million shares at 10.60 yuan per share via private placement, to raise 1.27 billion yuan for following operations

Source text in Chinese: goo.gl/tYadf5

Further company coverage: (Beijing Headline News)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below