November 24, 2017 / 2:50 AM / 22 days ago

BRIEF-Shanghai DragonNet Technology raises 603 mln yuan in private placement

Nov 24(Reuters) - Shanghai DragonNet Technology Co Ltd

* Says co issues 45.5 million shares and raises 603 million yuan in total (13.25 yuan per share) via private placement

* Says co’s top shareholder, Lu Wenxiong’s stake in the co is diluted to 13.1 percent from 15.3 percent

Source text in Chinese: goo.gl/VLeryM

Further company coverage: (Beijing Headline News)

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