March 4, 2018 / 1:20 PM / 7 months ago

BRIEF-Zhejiang Wanfeng Auto Wheel Plans Share Private Placement For Acquisition

March 4 (Reuters) - Zhejiang Wanfeng Auto Wheel Co Ltd :

* SAYS IT PLANS TO RAISE 500 MILLION YUAN ($78.83 million) TO 1.5 BILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND ACQUISITION TO BUY 51 PERCENT STAKE IN AUTO PARTS FIRM

* SAYS SHARE TRADE TO HALT FROM MARCH 5 Source text in Chinese: bit.ly/2oOmvdS Further company coverage: ($1 = 6.3428 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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