March 29, 2018 / 11:43 AM / 24 days ago

BRIEF-Zhongfu Information to buy IT firm for 950 mln yuan via cash, share issue

March 29 (Reuters) - Zhongfu Information Inc

* Says it will issue 20.7 million shares to acquire Wuhan-based IT firm

* Says it will issue shares via private placement, to raise up to 505 million yuan to fund acquisition

* Acquisition price of 950 million yuan

Source text in Chinese:goo.gl/PjgEU8

Further company coverage: (Beijing Headline News)

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