Reuters logo
BRIEF-Sunsea Telecommunications plans to invest in U.S. Ayla Networks, unit acquires stake in tech firm
September 7, 2017 / 9:44 AM / 16 days ago

BRIEF-Sunsea Telecommunications plans to invest in U.S. Ayla Networks, unit acquires stake in tech firm

Sept 7 (Reuters) - Sunsea Telecommunications Co Ltd

* Says it signs letter of intent to invest about $25 million in U.S. Ayla Networks Inc

* Says it plans to set up JV in China with Ayla Networks with registered capital of 100 million yuan ($15.40 million)

* Says unit signs agreement to acquire 68.1 percent stake in technology firm for 123.5 million yuan

Source text in Chinese: bit.ly/2eJDzwP; bit.ly/2f6FqfS

Further company coverage: ($1 = 6.4946 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below