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BRIEF-Shenzhen Sunwin Intelligent plans to buy online social media network firm
December 13, 2016 / 1:37 PM / a year ago

BRIEF-Shenzhen Sunwin Intelligent plans to buy online social media network firm

Dec 13 (Reuters) - Shenzhen Sunwin Intelligent Co Ltd

* Says it plans to buy online social media network firm Kaixin001 for 1.09 billion yuan ($157.95 million) via cash, share issue

* Says it aims to raise up to 540 million yuan in private placement of shares to fund the acquisition, projects

Source text in Chinese:bit.ly/2hIVRxG

Further company coverage: ($1 = 6.9010 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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