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BRIEF-Guangzhou Yuexiu Financial plans asset acquisition, private placement
December 26, 2016 / 1:51 AM / 9 months ago

BRIEF-Guangzhou Yuexiu Financial plans asset acquisition, private placement

Dec 26 (Reuters) - Guangzhou Yuexiu Financial Holdings Group Co Ltd

* Says it plans to acquire 32.8 pct stake in Guangzhou Securities for 6.3 billion yuan ($907.36 million) via cash, share issue

* Says it plans to raise up to 5.0 billion yuan in private placement to fund acquisiton

Source text in Chinese: bit.ly/2i6k02R

Further company coverage: ($1 = 6.9432 Chinese yuan renminbi) (Reporting by Beijing newsroom)

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