June 30, 2017 / 12:17 PM / 22 days ago

BRIEF-Tianjin Zhonghuan Semiconductor to acquire stake in GD Solar for 664 mln yuan

1 Min Read

June 30 (Reuters) - Tianjin Zhonghuan Semiconductor Co Ltd

* Says it plans to acquire 90 percent stake in GD Solar for 664.2 million yuan ($97.97 million) via share issue

* Says it plans to raise up to 416.2 million yuan in share private placement to fund the acquisition

Source text in Chinese: bit.ly/2s98dVn

Further company coverage: ($1 = 6.7795 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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