BRIEF-Guirenniao to acquire Shanghai company for 2.7 bln yuan

March 12 (Reuters) - Guirenniao Co Ltd

* Says to acquire Shanghai health-related company for 2.7

billion yuan ($391.02 million) via cash and share issue

* Says it plans to raise up to 675 million yuan in share

private placement to help fund the acquisition

Source text in Chinese:

Furhter company coverage:

($1 = 6.9050 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)