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8 months ago
BRIEF-Gosuncn Tech to acquire stake in ZTEWelink for 681 mln yuan
December 29, 2016 / 12:44 PM / 8 months ago

BRIEF-Gosuncn Tech to acquire stake in ZTEWelink for 681 mln yuan

Dec 29 (Reuters) - Gosuncn Technology Group Co Ltd

* Says it plans to acquire 84.07 percent stake in ZTEWelink Technology for up to 681 million yuan ($97.94 million) via cash, share issue

* Says it plans to raise up to 330 million yuan in share private placement to help fund acquisition, project

Source text in Chinese: bit.ly/2iHYtfF

Further company coverage: ($1 = 6.9535 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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