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BRIEF-Shenzhen Techo Telecom to issue shares to acquire DCITS' assets totalling 3.02 bln yuan
December 16, 2013 / 1:15 PM / in 4 years

BRIEF-Shenzhen Techo Telecom to issue shares to acquire DCITS' assets totalling 3.02 bln yuan

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Dec 16 (Reuters) - Shenzhen Techo Telecom Ltd

* Says plans to issue 319.4 million shares at 9.44 yuan ($1.55) per share to raise 3.02 billion yuan, aimed at acquiriing DCITS' assets

* Says plans to issue 21.19 million shares in private placement, raising up to 200 million yuan

Source text in Chinese: link.reuters.com/kex45v

Further company coverage: ($1 = 6.0712 Chinese yuan)

Reporting by Hong Kong newsroom

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