January 2, 2018 / 3:19 AM / 6 months ago

BRIEF-Aurora Optoelectronics plans to buy stake in two firms for totalling 8.64 bln yuan, via share issue and cash

Jan 2 (Reuters) - Aurora Optoelectronics Co Ltd

* Says it plans to buy 100 percent stake in Hefei-based investment firm, for 7.19 billion yuan, via share issue

* Says it plans to buy 16 percent stake in Rui Kong Holdings Limited, which is unit of the Hefei-based investment firm, for 1.45 billion yuan, from China Wealth Growth Fund II L.P., via cash

* Says it aims to raise up to 3.75 billion yuan in private placement of shares, and the proceeds will be used for stake acquisition and investment in target co’s projects

Source text in Chinese:goo.gl/z6sCUW

Further company coverage: (Beijing Headline News)

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