Chengdu Guibao Sci & Tech to acquire Huasen Plastic for 800 mln yuan
7 June 2016
Chengdu Guibao Science & Technology Co Ltd Says it plans acquire Wuhan Huasen Plastic at an initial transaction price of 800 million yuan ($121.88 million) via cash, share issue.
Says it plans to raise up to 500 million yuan in share private placement to help fund the acquisition.
Source : reuters.com