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BRIEF-Shanghai DZH plans to acquire Xiangcai Securities for 8.5 bln yuan
January 22, 2015 / 11:43 AM / 3 years ago

BRIEF-Shanghai DZH plans to acquire Xiangcai Securities for 8.5 bln yuan

Jan 22 (Reuters) - Shanghai DZH Ltd

* Says plans to acquire Xiangcai Securities for 8.5 billion yuan ($1.37 billion) via cash, share issue

* Says plans to raise up to 2.7 billion yuan in private placement of shares to fund the acquisition

* Says trading of shares to resume on Jan 23

Source text in Chinese: bit.ly/1zyAeH9; bit.ly/1xCQzF2

Further company coverage: ($1 = 6.2085 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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