June 14, 2017 / 2:42 AM / a month ago

BRIEF-Zhejiang Orient Holdings buys assets via share issue

1 Min Read

June 14(Reuters) - Zhejiang Orient Holdings Co Ltd :

* Says it acquired 56 percent stake in a trust company and 50 percent stake in an insurance company as well as 100 percent stake in a future company for 1.63 billion yuan

* It also completed issuance of new shares for up to 1.2 billion yuan in private placement for payment of transaction

Source text in Chinese: goo.gl/OiCdI6

Further company coverage: (Beijing Headline News)

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