March 10, 2017 / 4:12 AM / in 4 months

BRIEF-Kunming Yunnei Power to acquire technology firm via cash, share issue

1 Min Read

March 10 (Reuters) - Kunming Yunnei Power Co Ltd

* Says it plans to acquire Shenzhen Mingte Tech Co Ltd for 835.0 million yuan ($120.82 million) via cash, share issue

* Says it plans to raise up to 349.0 million yuan to fund the acquisition

Source text in Chinese: bit.ly/2mNvtJg

Further company coverage: ($1 = 6.9110 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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