BRIEF-Urovo Technology To Buy Gainscha Technology For 815 Mln Yuan

Dec 14 (Reuters) - Urovo Technology Co Ltd:

* SAYS IT PLANS TO BUY GAINSCHA TECHNOLOGY GROUP FOR AN INITIAL 815 MILLION YUAN ($118.11 million) VIA CASH, SHARE ISSUE

* SAYS IT AIMS TO RAISE UP TO 350 MILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND THE ACQUISITION, REPLENISH CAPITAL

* SAYS SHARE TRADE TO RESUME ON DEC 17 Source text in Chinese: https://bit.ly/2QQCsjt; https://bit.ly/2CcptR3 Further company coverage: ($1 = 6.9001 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)