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BRIEF-Bohai Financial plans acquisition via cash, share issue
July 29, 2016 / 12:56 PM / a year ago

BRIEF-Bohai Financial plans acquisition via cash, share issue

July 29 (Reuters) - Bohai Financial Investment Holding Co Ltd

* Says it plans to buy stakes in Sinosafe Insurance, Hong Kong Aviation Capital (HKAC) for 2.8 billion yuan ($421.48 million) via share issue

* Says it plans to buy 12 aircraft leasing assets for $33.8 million via cash

* Says it plans to raise up to 2.8 billion yuan in private placement of shares to fund acquisition, boost HKAC’s capital

Source text in Chinese: bit.ly/2aCbcSb

Further company coverage: ($1 = 6.6433 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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