BRIEF-Wolong Real Estate to acquire mobile games provider for 5.3 bln yuan

March 21 (Reuters) - Wolong Real Estate Group Co Ltd

* Says it plans to buy mobile games provider for 5.3 billion

yuan ($769.68 million) via cash, share issue

* Says it aims to raise up to 1.47 billion yuan in private

placement of shares to fund the acquisition

Source text in Chinese:

Further company coverage:

($1 = 6.8860 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)