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BRIEF-Teamax Smart City Technology to set up unit, scraps acquisition plan
October 8, 2017 / 2:45 PM / in 15 days

BRIEF-Teamax Smart City Technology to set up unit, scraps acquisition plan

Oct 8 (Reuters) - Teamax Smart City Technology Corp Ltd

* Says it plans to set up unit with registered capital of 100 million yuan ($15.03 million)

* Says it scraps plan to acquire stake in Indonesia’s PT. Nusantara Infrastructure Tbk. as concerning parties failed to reach agreement

* Says shares to resume trading on Oct 9

Source text in Chinese: bit.ly/2yyySSi; bit.ly/2g1NylE

Further company coverage: ($1 = 6.6533 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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