Fujian Star Net Communication plans acquisition via cash, share issue

Industry: Communications 2016-09-14

Fujian Star-Net Communication Co Ltd

* Says it plans to acquire communication equipment assets worth about 3.2-4.9 billion yuan ($479.18-733.74 million) via cash, share issue

* Says shares have halted trading from September 12

Source text in Chinese: bit.ly/2cx0jSB

Further company coverage: ($1 = 6.6781 Chinese yuan renminbi) (Reporting by Twinnie Siu; Editing by)

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Source: Reuters.com

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