CORRECT: Yantai Xinchao to Buy Dingliang Huitong for $1.3B

Updated on

(Corrects acquisition target in headline) * Yantai Xinchao Industry Co., a Shanghai-listed co., will buy Dingliang Huitong after Dingliang Huitong buys oilfields in Texas from two other companies -- Tall City Exploration and Plymouth Petroleum, according to a filing to the Shanghai exchange dated Saturday. *The purchase of the oil fields from Tall City Exploration and Plymouth Petroleum will be made by a unit of Dingliang Huitong called Moss Creek Resources, according to the filing * Link to document: http://tinyurl.com/pevbvoy

— With assistance by Clement Tan

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