New Sea Union Telecom scraps asset acquisition, to invest in electronics firm

Industry:    2016-07-17

Suzhou New Sea Union Telecom Technology Co Ltd

* Says it scraps asset acquisition via cash, share issue

* Says it expects share trading to resume on July 18 after the company held investors conference

* Says it plans to invest 200 million yuan ($29.92 million) in Jiangxi-based electronic products firm

Source text in Chinese: bit.ly/29HBezo; bit.ly/29zhgKd

Further company coverage:

($1 = 6.6836 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

http://www.reuters.com/article/idUSL4N1A1219

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