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BRIEF-Wuhu Shunrong Sanqi Interactive Entertainment Network Technology revises stakes acquisition plan and private placement plan
April 7, 2017 / 9:12 AM / 6 months ago

BRIEF-Wuhu Shunrong Sanqi Interactive Entertainment Network Technology revises stakes acquisition plan and private placement plan

April 7 (Reuters) - Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd :

* Says it adjusts stakes acquisition plan to buy 68.43 percent stake in Shanghai’s Mokun Technology for 952.75 million yuan and 49 percent stake in a Jiangsu-based network tech firm for 254.8 million yuan

* Total acquisition amount is about 1.21 billion yuan

* Co plans to issue new shares via private placement and to raise 456.0 million yuan to fund acquisition

Source text in Chinese: goo.gl/9apht4

Further company coverage: (Beijing Headline News)

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