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BRIEF-Zhejiang Wansheng to buy project company to own Analogix Semiconductor
May 25, 2017 / 11:09 AM / 6 months ago

BRIEF-Zhejiang Wansheng to buy project company to own Analogix Semiconductor

May 25 (Reuters) - Zhejiang Wansheng Co Ltd

* Says it plans to buy project company for 3.75 billion yuan ($545.99 million) in order to own Analogix Semiconductor via share issue

* Says it aims to raise up to 1.0 billion yuan via share private placement to fund the acquisition, projects

Source text in Chinese: bit.ly/2qfj1EI

Further company coverage: ($1 = 6.8683 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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