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BRIEF-Zhaoqing Hua Feng to acquire electric vehicle technology firm via share issue
October 8, 2017 / 3:26 PM / 2 months ago

BRIEF-Zhaoqing Hua Feng to acquire electric vehicle technology firm via share issue

Oct 8 (Reuters) - Zhaoqing Hua Feng Electronic Aluminium Foil Co Ltd

* Says it plans to acquire BIT Huachuang Electric Vehicle Technology Co Ltd for 827.4 million yuan ($124.36 million) via share issue

* Says it plans to raise up to 666.7 million yuan to fund acquisition, auto parts projects

Source text in Chinese: bit.ly/2yziLnS

Further company coverage: ($1 = 6.6533 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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