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BRIEF-Dongxu Optoelectronic Technology plans to acquire two firms for 4.2 bln yuan
March 20, 2017 / 1:09 PM / 9 months ago

BRIEF-Dongxu Optoelectronic Technology plans to acquire two firms for 4.2 bln yuan

March 20 (Reuters) - Dongxu Optoelectronic Technology Co Ltd

* Says it plans to acquire Shanghai Sunlong Bus Co for 3.0 billion yuan ($434.47 million) via cash, share issue

* Says it plans to acquire sichuan Xuhong Optoelectronic Technology Co for 1.2 billion yuan via share issue

* Says it plans to raise up to 3.75 billion yuan in share private placement to fund acquisitions, projects

Source text in Chinese: bit.ly/2mkKYZM

Further company coverage:

$1 = 6.9050 Chinese yuan renminbi Reporting by Hong Kong newsroom

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