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BRIEF-Shenzhen Fenda Technology to acquire tech firm for 2.9 bln yuan
March 29, 2017 / 11:34 AM / 6 months ago

BRIEF-Shenzhen Fenda Technology to acquire tech firm for 2.9 bln yuan

March 29 (Reuters) - Shenzhen Fenda Technology Co Ltd

* Says it plans to buy technology firm Fortunta for 2.9 billion yuan ($421.00 million) via cash, share issue

* Says it aims to raise up to 910 million yuan in private placement of shares to fund the acquisition

Source text in Chinese: bit.ly/2nLA2Un

Further company coverage: ($1 = 6.8883 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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