Brief: Beijing Teamsun's unit plans share placement, convertible bonds to fund acquisition

Automated Systems Holdings

12/01/2017 11:22

Jan 12 (Reuters) - Beijing Teamsun Technology Co Ltd 
 600410.SS  
    * Says unit Automated Systems Holdings  0771.HK  plans to 
raise about HK$550 million  ($70.92 million) via share 
placement, convertible bond issue to fund the acquisition of 
Grid Dynamics International 
 
 
    Source text in Chines: http://bit.ly/2jaO5Ba 
    Further company coverage:  600410.SS  
 
($1 = 7.7549 Hong Kong dollars) 
 
 (Reporting by Hong Kong newsroom) 
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