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BRIEF-Jiangsu Broadcasting Cable Information to buy stakes in 19 firms for 9.3 bln yuan
September 18, 2017 / 9:08 AM / 3 months ago

BRIEF-Jiangsu Broadcasting Cable Information to buy stakes in 19 firms for 9.3 bln yuan

Sept 18 (Reuters) - Jiangsu Broadcasting Cable Information Network Corp Ltd

* Says it plans to buy remaining stakes in 19 broadcasting and network firms for a combined 9.3 billion yuan ($1.42 billion) via cash, share issue

* Says it aims to raise up to 1.1 billion yuan in share private placement to fund the acquisition, projects

Source text in Chinese: bit.ly/2ffYsUd

Further company coverage: ($1 = 6.5653 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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