May 3, 2018 / 12:48 PM / 3 months ago

BRIEF-Invengo Information Technology To Buy Stakes In Two Tech Firms For 1.0 Bln Yuan

May 3 (Reuters) - Invengo Information Technology Co Ltd :

* SAYS IT PLANS TO BUY STAKES IN TWO TECH FIRMS FOR A COMBINED 1.0 BILLION YUAN ($157.54 million) VIA CASH, SHARE ISSUE

* SAYS IT AIMS TO RAISE UP TO 370 MILLION YUAN IN PRIVATE PLACEMENT OF SHARES TO FUND THE ACQUISITION Source text in Chinese: bit.ly/2wemkj0 Further company coverage: ($1 = 6.3474 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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