March 21, 2017 / 11:40 AM / 7 months ago

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: bit.ly/2nZqXUM

Further company coverage: ($1 = 6.8860 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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