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BRIEF-Gosuncn Technology Group to issue new shares to acquire 84.1 pct stake in ZTEWelink Technology
April 20, 2017 / 3:27 AM / 7 months ago

BRIEF-Gosuncn Technology Group to issue new shares to acquire 84.1 pct stake in ZTEWelink Technology

April 20 (Reuters) - Gosuncn Technology Group Co Ltd :

* Says it will issue 43.6 million shares at 13.32 yuan per share and pay cash of 100 million yuan in exchange for 84.1 pct stake in a ZTEWelink Technology, a wireless communication firm

* Transaction price valued 681.0 million yuan

* It will issue shares via private placement, to raise up to 330 million yuan for payment of the transaction

Source text in Chinese: goo.gl/zKpfGx

Further company coverage: (Beijing Headline News)

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