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BRIEF-Addsino to buy stake in Beijing internet security firm for 1.5 bln yuan
December 15, 2016 / 12:50 PM / 9 months ago

BRIEF-Addsino to buy stake in Beijing internet security firm for 1.5 bln yuan

Dec 15 (Reuters) - Addsino Co Ltd

* Says it plans to buy 66 percent stake in Beijing-based internet security firm for 1.49 billion yuan ($214.94 million) via share issue

* Says it aims to raise up to 1.36 billion yuan in private placement of shares to fund projects

Source text in Chinese: bit.ly/2gEnuXR

Further company coverage: ($1 = 6.9322 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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