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BRIEF-Jiangyin Haida Rubber and Plastic to buy majority stake in Ningbo Keno Aluminium
July 21, 2017 / 1:02 PM / a month ago

BRIEF-Jiangyin Haida Rubber and Plastic to buy majority stake in Ningbo Keno Aluminium

July 21 (Reuters) - Jiangyin Haida Rubber And Plastic Co Ltd

* Says to buy 95.3 percent stake in Ningbo Keno Aluminium Co Ltd for 329.3 million yuan ($48.67 million) via cash, share issue

* Says it aims to raise up to 222 million yuan in private placement of shares to fund the acquisition, projects

Source text in Chinese:bit.ly/2tNaANG

Further company coverage: ($1 = 6.7665 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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