March 19, 2018 / 1:53 PM / a month ago

BRIEF-Fujian Start Group To Acquire Stake In Rentian Technology Via Share Issue

March 19 (Reuters) - Fujian Start Group Co Ltd:

* SAYS IT PLANS TO ACQUIRE 47.92 PERCENT STAKE IN RENTIAN TECHNOLOGY FOR 1.72 BILLION YUAN ($271.76 million)

* SAYS IT PLANS TO RAISE UP TO 1.5 BILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND THE STAKE ACQUISITION Source text in Chinese: bit.ly/2G7C6jh Further company coverage: ($1 = 6.3292 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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