March 23, 2018 / 1:35 PM / 4 months ago

BRIEF-Shenzhen Agricultural's Joint-Stock Firm Shenbao Industrial To Acquire Shenzhen Cereals Group

March 23 (Reuters) - Shenzhen Agricultural Products Co Ltd :

* SAYS ITS JOINT-STOCK COMPANY SHENZHEN SHENBAO INDUSTRIAL PLANS TO ACQUIRE SHENZHEN CEREALS GROUP FOR ABOUT 5.86 BILLION YUAN ($928.32 million)

* SAYS IT WILL CEASE TO BECOME SHENZHEN SHENBAO INDUSTRIAL'S BIGGEST SHAREHOLDER AFTER TRANSACTION DUE TO CHANGES IN SHAREHOLDING STRUCTURE Source text in Chinese: bit.ly/2HYRnjy Further company coverage: ($1 = 6.3125 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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