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BRIEF-Suzhou New District Hi-Tech scraps asset acquisition plan
March 22, 2017 / 12:42 PM / 8 months ago

BRIEF-Suzhou New District Hi-Tech scraps asset acquisition plan

March 22 (Reuters) - Suzhou New District Hi-Tech Industrial Co Ltd

* Says it scraps asset acquisition plan via share issue

* Says it signs letter of intent to acquire 73.5 percent stake in equipment firm for 264.7 million yuan ($38.44 million)

Source text in Chinese: bit.ly/2mPEk9p; bit.ly/2ms8QKR

Further company coverage: ($1 = 6.8868 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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