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REFILE-BRIEF-Zhejiang Yongtai Technology plans share private placement, stake sale in Fushine Pharma
November 27, 2017 / 11:53 AM / 16 days ago

REFILE-BRIEF-Zhejiang Yongtai Technology plans share private placement, stake sale in Fushine Pharma

(Refiles with additional link)

Nov 27 (Reuters) - Zhejiang Yongtai Technology Co Ltd :

* SAYS IT AIMS TO RAISE UP TO 1.3 BILLION YUAN ($196.95 million) IN PRIVATE PLACEMENT OF SHARES TO FUND PROJECTS

* SAYS IT PLANS TO UNLOAD 11.0 MLN SHARES, OR 9.8 PCT STAKE IN JIANGXI FUSHINE PHARMA WITHIN SIX MONTHS Source text in Chinese: bit.ly/2hTFoc3; bit.ly/2AavcXp Further company coverage: ($1 = 6.6006 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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