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BRIEF-Zhejiang Kangsheng to acquire two auto firms for about 1.5 bln yuan
June 15, 2017 / 12:03 PM / 5 months ago

BRIEF-Zhejiang Kangsheng to acquire two auto firms for about 1.5 bln yuan

June 15 (Reuters) - Zhejiang Kangsheng Co Ltd

* Says it plans to acquire two auto firms for about 1.5 billion yuan ($220.52 million)

* Says it plans to raise up to 1.26 billion yuan in share private placement

Source text in Chinese: bit.ly/2ruU6h4

Further company coverage: ($1 = 6.8021 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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