June 13, 2017 / 10:00 AM / a month ago

BRIEF-Netposa Technologies to acquire tech firm for 405 mln yuan via cash, share issue

1 Min Read

June 13 (Reuters) - Netposa Technologies Ltd

* Says it plans to acquire Zhejiang tech firm for 405 million yuan ($59.59 million) via cash, share issue

* Says it plans to raise up to 220 million yuan in share private placement

Source text in Chinese: bit.ly/2swvHHC

Further company coverage: ($1 = 6.7967 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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