January 9, 2018 / 5:36 AM / 4 months ago

BRIEF-Simei Media raises 739.6 mln yuan in shares private placement

Jan 9 (Reuters) - Simei Media Co Ltd :

* Says it issued 25.5 million new shares via private placement and raised 739.6 million yuan in total

* The company’s top shareholder, Zhu Mingqiu’s stake was diluted to 38.47 percent from 41.56 percent

* A fund management firm, raised stake in co to 3.73 percent from 0 percent

* Another fund management firm, Golden Eagle, raised stake in co to 3.72 percent from 0 percent

Source text in Chinese: goo.gl/YiGtXJ

Further company coverage: (Beijing Headline News)

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