Reuters logo
BRIEF-Tangel Publishing to acquire stake in game developer for about 1.2 bln yuan
July 5, 2017 / 10:15 AM / 3 months ago

BRIEF-Tangel Publishing to acquire stake in game developer for about 1.2 bln yuan

July 5 (Reuters) - Tangel Publishing Co Ltd

* Says it plans to acquire 73 percent stake in game developer Chujian for an estimated 1.18 billion yuan ($173.53 million) via share issue, cash

* Says it plans to raise up to 247 million yuan in share private placement to help fund acquisition

Source text in Chinese: bit.ly/2tg74OP

Further company coverage: ($1 = 6.8000 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

Our Standards:The Thomson Reuters Trust Principles.
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