Brief: Wuxi Lead Intelligent Equipment to acquire unit of China Titans Energy Technology

China Titans Energy Technology Co

06/01/2017 24:09

Jan 6 (Reuters) - Wuxi Lead Intelligent Equipment Co Ltd     
    * Says it plans to acquire unit of China Titans Energy 
Technology  2188.HK  for 1.35 billion yuan  ($196.02 million) 
via cash, share issue 
    * Says it plans to raise up to 621 million yuan in private 
placement of shares to help fund acquisition 
 
 
    Source text in Chinese: http://bit.ly/2iJOTdx 
    Further company coverage:  300450.SZ  
 
 
($1 = 6.8870 Chinese yuan renminbi) 
 
 (Reporting by Hong Kong newsroom) 
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