December 26, 2017 / 9:55 AM / 6 months ago

BRIEF-China Tianying To Buy Jiangsu Firm, Which Owns Foreign Assets Of Urbaser, For 8.6 Bln Yuan

Dec 26 (Reuters) - China Tianying:

* SAYS IT PLANS TO BUY JIANGSU FIRM WHICH OWNS FOREIGN ASSETS OF URBASER FOR 8.6 BILLION YUAN ($1.31 billion) VIA CASH, SHARE ISSUE

* SAYS IT AIMS TO RAISE UP TO 696 MILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND THE ACQUISITION Source text in Chinese: bit.ly/2pD6Y3U Further company coverage: ($1 = 6.5454 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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