MT Newswires Live12:53
Hui Lyu Ecological Technology's (SHE:001267) plans to raise 1.13 billion yuan from a share placement for a planned acquisition, according to a Shenzhen bourse filing on Monday.
The Chinese landscaping company plans to acquire 49% of Wuhan Junheng Technology.
The stake will be acquired from seven investors.
The company's shares slumped 10% during the midday trade.
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