December 29, 2017 / 12:53 PM / 23 days ago

BRIEF-Xiamen Overseas Chinese Electronic To Acquire Stake In Fujian Forecam Optics

Dec 29 (Reuters) - Xiamen Overseas Chinese Electronic Co Ltd :

* SAYS IT PLANS TO ACQUIRE 61.67 PERCENT STAKE IN FUJIAN FORECAM OPTICS CO FOR ABOUT 1.6 BILLION YUAN ($246.00 million) VIA CASH, SHARE ISSUE

* SAYS IT PLANS TO RAISE UP TO 640 MILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND ACQUISITION Source text in Chinese: bit.ly/2CiIsdD Further company coverage: ($1 = 6.5040 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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