Reuters logo
BRIEF-Wolong Real Estate plans to acquire stakes in technology firm via cash, share issue
July 29, 2016 / 10:36 AM / a year ago

BRIEF-Wolong Real Estate plans to acquire stakes in technology firm via cash, share issue

July 29 (Reuters) - Wolong Real Estate Group Co Ltd

* Says it plans to acquire 97.7 percent stake in technology firm for 4.41 billion yuan ($663.06 million) via cash, share issue

* Says it plans to raise 2.14 billion yuan in private placement of shares to fund acquisition

Source text in Chinese: bit.ly/2avFZ0d

Further company coverage: ($1 = 6.6510 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