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BRIEF-Hangzhou CNCR-IT to acquire a Shenzhen-based tech firm via cash, share issue
February 9, 2015 / 6:01 AM / 3 years ago

BRIEF-Hangzhou CNCR-IT to acquire a Shenzhen-based tech firm via cash, share issue

Feb 9 (Reuters) - Hangzhou CNCR-IT Co Ltd

* Says to acquire a Shenzhen-based technology firm for about 350 million yuan ($56.01 million) via cash, share issue

* Says to raise up to 116 million yuan in private placement of shares to fund the acquisition

Source text in Chinese: bit.ly/1KyNRZh

Further company coverage: ($1 = 6.2494 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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