UPDATE 4-China's Xinmao tries to dispel Draka bid doubts

Newswire

* Xinmao has financing bid from major China bank-adviser * Xinmao points to synergies with Draka in optical fibre * Says can double size of Draka in three to five years * Draka shares pare losses, up 0.2 pct (Adds comments from Xinmao adviser, updates shares) By Terril Yue Jones and Greg Roumeliotis BEIJING/AMSTERDAM, Nov 24 (Reuters) - Xinmao Group's financial adviser said the group had Chinese bank financing lined up for its $1.3 billion offer for Dutch cable maker Draka , in a ...

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