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BRIEF-Hangzhou Huaxing Chuangye Communication to acquire stake in tech firm
May 19, 2017 / 9:18 AM / 6 months ago

BRIEF-Hangzhou Huaxing Chuangye Communication to acquire stake in tech firm

May 19 (Reuters) - Hangzhou Huaxing Chuangye Communication Technology Co Ltd

* Says it plans to acquire the rest of 49 percent stake in tech company for 539 million yuan ($78.23 million)

* Says it plans to raise up to 253.8 million yuan in share private placement to help fund acquisition

Source text in Chinese: bit.ly/2pZAVqV

Further company coverage: ($1 = 6.8898 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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