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BRIEF-Shandong Xinchao Energy and unit to buy equity investment firm via cash, share issue
August 25, 2017 / 4:06 PM / a month ago

BRIEF-Shandong Xinchao Energy and unit to buy equity investment firm via cash, share issue

Aug 25 (Reuters) - Shandong Xinchao Energy Corp Ltd :

* Says the co and its wholly owned subsidiary plans to buy equity investment firm for 8.17 billion yuan via share issue, cash

* Says the co plans to raise 1.7 billion yuan for oilfield development project and agency fee payment

Source text in Chinese: goo.gl/5m59uj

Further company coverage: (Beijing Headline News)

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