BRIEF-Guangdong Qunxing Toys to acquire battery firm for about 2.9 bln yuan

March 31 (Reuters) - Guangdong Qunxing Toys Joint-Stock Co

Ltd

* Says it plans to acquire electric vehicle power battery

firm for about 2.9 billion yuan ($421.24 million) via share

issue

* Says it plans to raise up to 1.0 billion yuan to fund

projects, acquisition

Source text in Chinese: http://bit.ly/2ogNEI8

Further company coverage:

($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)