April 27, 2017 / 3:24 PM / 4 months ago

BRIEF-Longitech Smart Energy says unit entered into agreement

April 27 (Reuters) - Longitech Smart Energy Holding Ltd :

* Unit entered into first agreement & second agreement with Lightway Power, Fountain Crest

* Under first agreement First Lightway Power agreed to sell, first sale shares for hk$123.5 million

* Consideration for first acquisition will be satisfied through issuance of 42.6 million shares at hk$2.90 per share to Lightway Power Source text: [bit.ly/2oMPVXu] Further company coverage:

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