BRIEF-Zhejiang Narada Power Source to acquire stake in Anhui firm for 2 bln yuan

Reuters

26 March 2017 at 10:09 pm

March 27 (Reuters) - Zhejiang Narada Power Source Co Ltd * Says it plans to acquire 49 percent stake Anhui company for 1.96 billion yuan ($285.24 million) via cash, share issue * Says it plans to raise up to 500 million yuan in share private placement to help fund the acquistion Source text in Chinese: http://bit.ly/2nqEmYw Further company coverage: ($1 = 6.8714 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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