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BRIEF-Yiwu Huading Nylon plans asset acquisition via cash, share issue
April 17, 2017 / 10:47 AM / 5 months ago

BRIEF-Yiwu Huading Nylon plans asset acquisition via cash, share issue

April 17 (Reuters) - Yiwu Huading Nylon Co Ltd

* Says it plans to buy Tomtop Technology for 2.9 billion yuan ($421.33 million) via cash, share issue

* Says it aims to raise up to 1.3 billion yuan in private placement of shares to fund the acquisition, projects

Source text in Chinese: bit.ly/2p9BqSs

Further company coverage: ($1 = 6.8830 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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