Reuters logo
BRIEF-Zhejiang Material Industrial Zhongda Yuantong plans acquisition worth 10 bln yuan
February 12, 2015 / 11:21 AM / 3 years ago

BRIEF-Zhejiang Material Industrial Zhongda Yuantong plans acquisition worth 10 bln yuan

Feb 12 (Reuters) - Zhejiang Material Industrial Zhongda Yuantong Group Co Ltd

* Says plans to acquire Zhejiang Materials Industry Group and other assets for a combined 10.6 billion yuan ($1.70 billion) via share issue

* Says plans to raise up to 2.63 billion yuan in private placement of shares

* Says trading of shares to resume on Feb 13

Source text in Chinese: bit.ly/1CkkVhm; bit.ly/1DkpZGc

Further company coverage: ($1 = 6.2440 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below