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BRIEF-Sunbird Yacht to acquire stake in Chengdu firm for 3.3 bln yuan
February 14, 2017 / 9:41 AM / 7 months ago

BRIEF-Sunbird Yacht to acquire stake in Chengdu firm for 3.3 bln yuan

Feb 14 (Reuters) - Sunbird Yacht Co Ltd

* Says it plans to acquire 97.38 percent stake in Chengdu electronics firm for 3.34 billion yuan ($486.60 million)

* Says it plans to raise up to 1.2 billion yuan in share private placement to fund Chengdu firm’s projects, transaction fees

* Says its shares to resume trade on Feb 15

Source text in Chinese: bit.ly/2leT58y; bit.ly/2laZbas

Further company coverage: ($1 = 6.8640 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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