China Lending: Doubles in value on deal to revitalize its business

Roan Holdings

08/10/2018 14:20

** Loan provider's shares  CLDC.O  soar 108.7 pct to $1.67
premarket after entering deal with financial services provider
Zhejiang Lixin Holding
    ** Under the deal, Lixin will help CLDC revitalize its
business through possible reorganization and restructuring
 urn:newsml:reuters.com:*:nPn4jLZmja
    ** Lixin will also help China Lending to explore potential
merger and acquisition opportunities
    ** Up to Friday's close, stock has lost 74.3 pct of its
value this year

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))