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BRIEF-Dakang Pasture Farming to raise up to 2.5 bln yuan in private placement for New Zealand acquisition
June 17, 2014 / 12:41 PM / 3 years ago

BRIEF-Dakang Pasture Farming to raise up to 2.5 bln yuan in private placement for New Zealand acquisition

June 17 (Reuters) - Hunan Dakang Pasture Farming Co Ltd

* Says plans to raise up to 2.51 billion yuan ($404.25 million) via private placement of shares, proceeds will be used to acquire two pastures in new zealand

* Says shares to resume trading on June 18

Source text in Chinese: link.reuters.com/cuv22w; link.reuters.com/fuv22w

Further company coverage: ($1 = 6.2090 Chinese Yuan Renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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