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BRIEF-Yintai Resources to acquire Shanghai mining investment company for 4.5 bln yuan
October 19, 2016 / 3:36 AM / a year ago

BRIEF-Yintai Resources to acquire Shanghai mining investment company for 4.5 bln yuan

Oct 19 (Reuters) - Yintai Resources Co Ltd

* Says it plans to acquire 99.78 percent stake in Shanghai mining investment company for 4.5 billion yuan ($667.72 million) via share issue

* Says it will own 100 percent of the company after the stake acquisition

Source text in Chinese: bit.ly/2efQwA5

Further company coverage: ($1 = 6.7394 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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