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7 months ago
BRIEF-Beijing Hualian Department Store revises stake acquisition and fund raising plan
January 3, 2017 / 6:35 AM / 7 months ago

BRIEF-Beijing Hualian Department Store revises stake acquisition and fund raising plan

1 Min Read

Jan 3 (Reuters) - Beijing Hualian Department Store Co., Ltd. :

* Says it plans to cancel the acquisition plan for stake in three firms and the acquisition prices of the remaining two firms were amended to 445.8 million yuan and 417.1 million yuan

* Says it cut private placement size to 860 million yuan from 1.8 billion yuan for fund raising accordingly

* Says previous plan disclosed on Oct. 9, 2015

Source text in Chinese:goo.gl/wjBy9q

Further company coverage: (Beijing Headline News)

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