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BRIEF-Beijing Unistrong to acquire electronics firm for 600 mln yuan via share issue
March 7, 2017 / 11:05 AM / 7 months ago

BRIEF-Beijing Unistrong to acquire electronics firm for 600 mln yuan via share issue

March 7 (Reuters) - Beijing Unistrong Science & Technology Co Ltd

* Says it plans to acquire Skypine Electronics (Shenzhen) Co Ltd for 600 million yuan ($86.98 million) via share issue

* Says it plans to raise up to 600 million yuan in share private placement to fund projects

Source text in Chinese: bit.ly/2mhuKPz

Further company coverage: ($1 = 6.8978 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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