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BRIEF-Suzhou Chunxing Precision Mechanical plans acquisitions, to boost unit's capital
March 22, 2017 / 9:27 AM / in 7 months

BRIEF-Suzhou Chunxing Precision Mechanical plans acquisitions, to boost unit's capital

March 22 (Reuters) - Suzhou Chunxing Precision Mechanical Co Ltd

* Says it plans to acquire tech firm for 300 million yuan ($43.57 million)

* Says it plans to boost unit’s capital by 1.6 billion yuan

* Says it plans to invest up to 280 million yuan to participate in electronic firm’s restructuring

* Says unit plans to invest in intelligent electronic products project worth 6.5 billion yuan

Source text in Chinese: bit.ly/2o3AkD2; bit.ly/2mTCSU9; bit.ly/2nch8oY; bit.ly/2mTwYSX

Further company coverage: ($1 = 6.8860 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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