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9 months ago
BRIEF-V-Grass Fashion to buy clothing brand Teenie Weenie for 5 bln yuan, plans share issue
November 29, 2016 / 12:05 PM / 9 months ago

BRIEF-V-Grass Fashion to buy clothing brand Teenie Weenie for 5 bln yuan, plans share issue

Nov 29 (Reuters) - V-Grass Fashion Co Ltd

* Says it plans to buy E-land Fashion Hong Kong Ltd, Teenie Weenie-related assets for 5.0 billion yuan ($725.28 million)via cash

* Says it aims to raise up to 4.4 billion yuan in private placement of shares to fund the acquisition, replenish working capital

Source text in Chinese: bit.ly/2fM6otY ; bit.ly/2gRyNjS

Further company coverage: ($1 = 6.8939 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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