BRIEF-Guangdong Failong Crystal Technology to acquire tech firm for 260 mln yuan in cash

March 31 (Reuters) - Guangdong Failong Crystal Technology Co

Ltd

* Says it plans to acquire technology company for 260

million yuan ($37.77 million) in cash

Source text in Chinese: http://bit.ly/2oiIOu5

Further company coverage:

($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)