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BRIEF-Maoye Communication to acquire information technology firm via cash, share issue
October 11, 2017 / 12:31 AM / in 13 days

BRIEF-Maoye Communication to acquire information technology firm via cash, share issue

Oct 11 (Reuters) - Maoye Communication and Network Co Ltd

* Says it plans to acquire Beijing Sinowel Information Technology Co Ltd for about 1.48 billion yuan ($225.23 million) via cash, share issue

* Says it plans to raise up to 1.11 billion yuan in share private placement to fund projects, acquisition

Source text in Chinese: bit.ly/2kFJfxG

Further company coverage: ($1 = 6.5712 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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