April 20, 2018 / 2:15 PM / 3 months ago

BRIEF-Bizconf Telecom Plans To Acquire Stakes In Two Companies Totalling 1.04 Billion Yuan

April 20 (Reuters) - BizConf Telecom Co Ltd:

* SAYS IT PLANS TO ACQUIRE STAKES IN TWO COMPANIES WORTH A COMBINED 1.04 BILLION YUAN ($165.25 million) VIA CASH, SHARE ISSUE

* SAYS IT PLANS TO RAISE UP TO 435.5 MILLION YUAN IN SHARE PRIVATE PLACEMENT TO HELP FUND ACQUISITION Source text in Chinese: bit.ly/2HM4qWM Further company coverage: ($1 = 6.2935 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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