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BRIEF-Insigma Technology to acquire stake in cloud data firm Watone for 1.8 bln yuan
December 13, 2016 / 9:48 AM / a year ago

BRIEF-Insigma Technology to acquire stake in cloud data firm Watone for 1.8 bln yuan

Dec 13 (Reuters) - Insigma Technology Co Ltd

* Says it plans to acquire 80 percent stake in Zhejiang-based cloud data firm Watone for 1.8 billion yuan ($260.79 million) via cash, share issue

* Says it plans to raise up to 750 million yuan in share private placement to fund acquisition

Source text in Chinese: bit.ly/2gUMlaY

Further company coverage: ($1 = 6.9022 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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