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BRIEF-Geo-Jade Petroleum to acquire stake in investment firm that owns Canada's Bankers Petroleum

Published 2016-09-20, 07:29 a/m
© Reuters.  BRIEF-Geo-Jade Petroleum to acquire stake in investment firm that owns Canada's Bankers Petroleum

Sept 20 (Reuters) - Geo-jade Petroleum Corp 600759.SS

* Says it revises asset acquisition plan, to acquire 96.7 percent stake in energy investment firm which owns Bankers Petroleum Ltd for about 3.36 billion yuan ($503.76 million)

* Says it plans to raise up to 3.2 billion yuan in private placement of shares to fund acquisition, project

Source text in Chinese: company coverage: 600759.SS ($1 = 6.6699 Chinese yuan renminbi)

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