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BRIEF-Huizhou China Eagle Electronic to acquire Guangzhou Fuda Medical for 790 mln yuan
February 14, 2017 / 1:22 PM / 7 months ago

BRIEF-Huizhou China Eagle Electronic to acquire Guangzhou Fuda Medical for 790 mln yuan

Feb 14 (Reuters) - Huizhou China Eagle Electronic Technology Co Ltd

* Says it plans to buy Guangzhou Fuda Medical for 790 million yuan ($115.16 million) via cash, share issue

* Says it aims to raise up to 280 million yuan in private placement of shares to fund the acquisition

Source text in Chinese: bit.ly/2lLrRmT

Further company coverage: ($1 = 6.8600 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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