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BRIEF-Qingdao Tianhua Institute plans to buy various assets via share issue
December 7, 2017 / 11:15 AM / 6 days ago

BRIEF-Qingdao Tianhua Institute plans to buy various assets via share issue

Dec 7 (Reuters) - Qingdao Tianhua Institute of Chemistry Engineering Co Ltd:

* SAYS IT PLANS TO BUY CHINA NATIONAL CHEMICAL EQUIPMENT (LUXEMBOURG), OPERATIONAL ASSETS AND DEBTS FROM TWO MACHINERY FIRMS, LAND AND PROPERTY ASSETS FROM TWO AUTOMATION FIRMS FOR A COMBINED 6.6 BILLION YUAN ($997.66 million)

* SAYS IT AIMS TO RAISE UP TO 1.2 BILLION YUAN IN PRIVATE PLACEMENT OF SHARES TO FUND PROJECTS Source text in Chinese: bit.ly/2zVMMLB Further company coverage: ($1 = 6.6155 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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