March 23, 2018 / 10:12 AM / a month ago

BRIEF-Yantai Tayho Advanced Materials' Unit Plans Acquisition, Board Approves Investment Plan

March 23 (Reuters) - Yantai Tayho Advanced Materials Co Ltd :

* SAYS UNIT SIGNS AGREEMENT TO ACQUIRE SPANDEX-RELATED ASSETS IN NINGXIA NEW MATERIALS FIRM FOR 955.1 MILLION YUAN ($151.11 million)

* SAYS BOARD APPROVES INVESTMENT PLAN OF 7.0 BILLION YUAN IN NEXT FIVE YEARS FOR CAPACITY EXPANSION Source text in Chinese: bit.ly/2pxxkC8; bit.ly/2G5fV9Y Further company coverage: ($1 = 6.3205 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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