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8 months ago
BRIEF-Shenzhen Tianyuan to acquire stake in Vive & Best for 798 mln yuan
December 14, 2016 / 12:50 PM / 8 months ago

BRIEF-Shenzhen Tianyuan to acquire stake in Vive & Best for 798 mln yuan

Dec 14 (Reuters) - Shenzhen Tianyuan Dic Information Technology Co Ltd

* Says it plans to acquire 94.94 percent stake in Vive & Best for 798 million yuan ($115.65 million) via cash, share issue

* Says it plans to raise up to 137 million yuan in share private placement to help fund acquisition

Source text in Chinese: bit.ly/2gI5Zuw

Further company coverage: ($1 = 6.8999 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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