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India

NARI Technology Co Ltd (600406.SS)

600406.SS on Shanghai Stock Exchange

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Wed, Oct 25 2017

BRIEF-NARI Technology gets regulatory approval for asset acquisition, share trade to resume

* Says it gets regulatory approval for asset acquisition, share trade to resume on Oct 26

BRIEF-NARI Technology says power system automation firm and parties acting in concert to increase voting power to 63 pct

* Says Nanjing-based power system automation firm and parties acting in concert will increase voting power to 63 percent from 41 percent

BRIEF-Nari Technology to acquire overseas and domestic assets for 26.7 bln yuan

* Says it plans to buy a range of domestic and overseas assets such as power and real estate for a combined 26.7 billion yuan ($3.97 billion) via cash, share issue

BRIEF-Nari Technology to invest 18.7 mln yuan to set up two JVs

* Says it will invest 9 million yuan to set up an electrical technology JV in Suzhou, with Suzhou-based streetcar firm and hold 50 percent voting power in JV

BRIEF-NARI Technology adopts new accounting policy

* Says it adopted new accounting policy disclosed by the Ministry of Finance on May 10, regarding subsidy

BRIEF-Nari Technology's H1 net profit up 24.7 pct y/y

* Says H1 net profit up 24.7 percent y/y at 349.6 million yuan ($51.85 million)

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