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BRIEF-Huiyuan Optical Communications plans to acquire technology & environment firm, and to issue shares in private placement
February 2, 2015 / 6:11 AM / 3 years ago

BRIEF-Huiyuan Optical Communications plans to acquire technology & environment firm, and to issue shares in private placement

Feb 2 (Reuters) - Sichuan Huiyuan Optical Communications Co Ltd

* Says plans to sell company’s assets, debts

* Says plans to acquire Jiangsu Fengye Technology & Environment Group Corporation Ltd for about 3.03 billion yuan ($484.09 million)

* Says plans to raise about 702.1 million yuan in private placement of shares

* Says shares have resumed trading on February 2

Source text in Chinese: bit.ly/1yshO5z; bit.ly/1EzwXct

Further company coverage: ($1 = 6.2592 Chinese yuan renminbi) (Reporting by Hong Kong newsrooms)

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