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BRIEF-Ninestar To Buy Pantum For 6.6 Bln Yuan, Share Trade To Resume

· 02/09/2021 08:08
BRIEF-Ninestar To Buy Pantum For 6.6 Bln Yuan, Share Trade To Resume

- Ninestar Corp 002180.SZ:

  • SAYS IT AGREES TO BUY PANTUM FOR 6.6 BILLION YUAN ($1.03 billion) VIA CASH, SHARE ISSUE

  • SAYS IT CUTS SIZE OF SHARE PRIVATE PLACEMENT FOR THE ACQUISITION TO 5 BILLION YUAN FROM 5.5 BILLION YUAN

  • SAYS TRADING IN SHARES TO RESUME ON FEB 10

Source text in Chinese: https://bit.ly/2YY8D2S ; https://bit.ly/36TsIf5 ; https://bit.ly/3jyJlSx

Further company coverage: 002180.SZ


($1 = 6.4348 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

((meg.shen@thomsonreuters.com; 852-39525805;))