BRIEF-China Shengmu Organic Milk Says Shengmu High-Tech To Acquire 60 Pct Stake In Shengmu Sand And Grass
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Dec 21 (Reuters) - China Shengmu Organic Milk Ltd:
* SHENGMU HIGH-TECH TO ACQUIRE 60% STAKE IN SHENGMU SAND AND GRASS UPON COMPLETION OF REORGANISATION FOR RMB300 MILLION
* CO TO ISSUE 688.7 MILLION NEW SHARES AT HK$0.33 PER SHARE
* SHARES ISSUED TO BVI COMPANIES I TO ACQUIRE BVI COMPANY II Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)
