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2 months ago
BRIEF-Shanghai Yuyuan Tourist Mart to acquire property assets, scraps A-share private placement
May 25, 2017 / 11:04 AM / 2 months ago

BRIEF-Shanghai Yuyuan Tourist Mart to acquire property assets, scraps A-share private placement

1 Min Read

May 25 (Reuters) - Shanghai Yuyuan Tourist Mart Co Ltd

* Says it plans to acquire property assets valued at 25.8 billion yuan ($3.76 billion) via share issue

* Says it scraps A-share private placement plan announced in 2016

Source text in Chinese: bit.ly/2qSwTmT; bit.ly/2qmRfkU

Further company coverage: ($1 = 6.8680 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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