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BRIEF-China's Orbita Control plans to acquire IT firm via cash, share issue
October 20, 2014 / 11:52 AM / 3 years ago

BRIEF-China's Orbita Control plans to acquire IT firm via cash, share issue

Oct 20 (Reuters) - Zhuhai Orbita Control Engineering Co Ltd

* Says plans to acquire Guangdong-based information technology firm for 525 million yuan (85.74 million US dollar) via cash, share issue

* Says plans to raise up to 175 million yuan in private placement of shares to fund acquisition

* Says shares to resume trading on October 21

Source text in Chinese: bit.ly/1t335if ; bit.ly/10dkj1L

Further company coverage: (1 US dollar = 6.1233 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)

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