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BRIEF-Shandong Jiangquan revises asset acquisition proposal
December 26, 2016 / 10:47 AM / in 7 months

BRIEF-Shandong Jiangquan revises asset acquisition proposal

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Dec 26 (Reuters) - Shandong Jiangquan Industry Co Ltd

* Says it revises asset acquisition proposal, to buy 67.8 percent stake in lithium producer via asset swap, share issue and cash

* Says it will pay 1.3 billion yuan ($187.09 million) for stake in lithium producer from 2.2 billion yuan previously

* Says it plans to raise up to 441.9 million yuan in private placement of shares from 821.6 million yuan previously

Source text in Chinese: bit.ly/2hYUnmv

Further company coverage: ($1 = 6.9485 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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