BRIEF-China Shandong Hi-Speed Financial Group Says Unit To Buy Shares Of New Frontier

July 6 (Reuters) - China Shandong Hi-Speed Financial Group Ltd:

* UNIT TO BUY 1 MILLION NEW CLASS A ORDINARY SHARES PLUS 250,000 REDEEMABLE WARRANTS OF NEW FRONTIER AT $10 MILLION

* AVERAGE PURCHASE PRICE OF 1.1 MILLION CLASS A ORDINARY SHARES IN NFC (ON AN AS-CONVERTED BASIS) IS $8.89/SHARE Source text for Eikon: Further company coverage:

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