BRIEF-Zangge Holding To Buy Tibet Julong Copper Industry For An Estimated 28 Bln Yuan Via Share Issue

Reuters

15 July 2018 at 7:07 am

July 15 (Reuters) - Zangge Holding Co Ltd:

* SAYS IT PLANS TO BUY TIBET JULONG COPPER INDUSTRY FOR AN ESTIMATED 28 BILLION YUAN ($4.19 billion) VIA SHARE ISSUE

* SAYS IT AIMS TO RAISE UP TO 1.5 BILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND THE ACQUISITION Source text in Chinese: https://bit.ly/2JoE7oJ Further company coverage: ($1 = 6.6900 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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