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Cultural Investment to buy two media firms for 2.37 bln yuan via cash, share issue


Monday, 4 Dec 2017 04:10am EST 

Dec 4 (Reuters) - Cultural Investment Holdings Co Ltd <600715.SS>::SAYS IT PLANS TO BUY TWO MEDIA FIRMS FOR A COMBINED 2.37 BILLION YUAN ($358.20 million) VIA CASH, SHARE ISSUE.SAYS IT AIMS TO RAISE UP TO 1.59 BILLION YUAN IN PRIVATE PLACEMENT OF SHARES TO FUND THE ACQUISITION, PROJECTS. 

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