March 31, 2017 / 1:03 PM / 5 months ago

BRIEF-Guangdong Qunxing Toys to acquire battery firm for about 2.9 bln yuan

March 31 (Reuters) - Guangdong Qunxing Toys Joint-Stock Co Ltd

* Says it plans to acquire electric vehicle power battery firm for about 2.9 billion yuan ($421.24 million) via share issue

* Says it plans to raise up to 1.0 billion yuan to fund projects, acquisition

Source text in Chinese: bit.ly/2ogNEI8

Further company coverage: ($1 = 6.8845 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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