April 24, 2018 / 1:52 PM / a month ago

BRIEF-Zhongyuan Special Steel To Acquire Stake In COFCO Investment Firm Via Assets Swap, Share Issue

April 24 (Reuters) - Zhongyuan Special Steel Co Ltd :

* SAYS IT PLANS TO ACQUIRE 64.5 PERCENT STAKE IN COFCO INVESTMENT FIRM FOR AN ESTIMATED 21.2 BILLION YUAN ($3.36 billion) VIA ASSETS SWAP, SHARE ISSUE

* SAYS IT PLANS TO PAY 19.5 BILLION YUAN FOR THE TRANSACTION VIA SHARE ISSUE Source text in Chinese: bit.ly/2HU0XW9 Further company coverage: ($1 = 6.3070 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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