Edition:
India

Xiamen Overseas Chinese Electronic To Acquire Stake In Fujian Forecam Optics


Friday, 29 Dec 2017 

Dec 29 (Reuters) - Xiamen Overseas Chinese Electronic Co Ltd <600870.SS>::SAYS IT PLANS TO ACQUIRE 61.67 PERCENT STAKE IN FUJIAN FORECAM OPTICS CO FOR ABOUT 1.6 BILLION YUAN ($246.00 million) VIA CASH, SHARE ISSUE.SAYS IT PLANS TO RAISE UP TO 640 MILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND ACQUISITION. 

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