May 26, 2016 / 11:22 AM / a year ago

BRIEF-Sunyard System Engineering plans acquisition via cash, share issue

May 26 (Reuters) - Sunyard System Engineering Co Ltd

* Says it plans to acquire 80 percent stake of information technology firm for 960 million yuan ($146.44 million) via cash, share issue

* Says it plans to raise up to 960 million yuan in private placement of shares to fund acquisition, projects and replenish capital

Source text in Chinese: bit.ly/1sRm7vD

Further company coverage: ($1 = 6.5557 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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