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BRIEF-Global Top E-commerce to acquire stakes in two firms for 2.2 bln yuan
December 9, 2016 / 9:22 AM / a year ago

BRIEF-Global Top E-commerce to acquire stakes in two firms for 2.2 bln yuan

Dec 9 (Reuters) - Global Top E-commerce Co Ltd

* Says it plans to buy stakes in two e-commerce firms for 2.2 billion yuan ($318.74 million) via cash, share issue

* Says it plans to raise up to 757.5 million yuan in private placement of shares to help fund acquisitions

Source text in Chinese: bit.ly/2grrttR

Further company coverage: ($1 = 6.9022 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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