Jiangsu Zitian Media Technology To Buy Internet Technology Firm For 1.4 Bln Yuan

Fujian Zitian Media Technology Co Ltd 3300280:

• SAYS IT PLANS TO BUY INTERNET TECHNOLOGY FIRM WAN DOU JIAN JIAN FOR 1.4 BILLION YUAN ($201.01 million) VIA CASH, SHARE ISSUE

• SAYS IT AIMS TO RAISE UP TO 750 MILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND THE ACQUISITION, BOOST CAPITAL

($1 = 6.9649 Chinese yuan renminbi)