BRIEF-China Quanjude plans to raise up to 350 million yuan in private placement of shares

April 14 Mon Apr 14, 2014 10:09am EDT

April 14 (Reuters) - China Quanjude Group Co Ltd

* Says plans to issue up to 24.95 mln shares at no lower than 14.03 yuan ($2.26) per share in private placement, sets to raise up to 350 mln yuan

* Says IDG Capital Partners to subscribe to 17.82 mln shares

Source text in Chinese:

Further company coverage: ($1 = 6.2113 Chinese Yuan) (Reporting by Hong Kong newsroom)

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