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10 months ago
BRIEF-Huafon Microfibre Shanghai plans to acquire Shenzhen technology firm for about 1.8 bln yuan
September 29, 2016 / 9:56 AM / 10 months ago

BRIEF-Huafon Microfibre Shanghai plans to acquire Shenzhen technology firm for about 1.8 bln yuan

1 Min Read

Sept 29 (Reuters) - Huafon Microfibre Shanghai Co Ltd

* Says it plans to acquire Shenzhen technology firm Swiftpass for about 1.8 billion yuan ($269.93 million) via cash, share issue

* Says it plans to raise up to 570 million yuan in private placement of shares to fund acquisition, projects

Source text in Chinese: bit.ly/2cDyiU0

Further company coverage: ($1 = 6.6683 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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