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BRIEF-SEC Electric Machinery Plans Acquisition Via Asset Swap, Share Issue

reuters.com · 09/24/2021 07:40
BRIEF-SEC Electric Machinery Plans Acquisition Via Asset Swap, Share Issue

- SEC Electric Machinery Co Ltd 603988.SS:

  • SAYS IT PLANS TO BUY ENERGY FIRM FOR ABOUT 12.3 BILLION YUAN ($1.90 billion) VIA ASSET SWAP, SHARE ISSUE

  • SAYS IT PLANS TO RAISE UP TO 3.0 BILLION YUAN IN SHARE PRIVATE PLACEMENT

Source text

Further company coverage: 603988.SS


($1 = 6.4671 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

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