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BRIEF-Wuhan Golden Laser plans to acquire advertising firm via cash, share issue
May 24, 2016 / 4:15 AM / a year ago

BRIEF-Wuhan Golden Laser plans to acquire advertising firm via cash, share issue

May 24 (Reuters) - Wuhan Golden Laser Co Ltd

* Says it plans to acquire Shanghai advertising company for 700 million yuan ($106.82 million) via cash, share issue

* Says it plans to raise up to 520 million yuan in private placement of shares to fund acquisition, projects and replenish capital

Source text in Chinese: bit.ly/245q9f3

Further company coverage: ($1 = 6.5528 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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