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BRIEF-Dalian Rubber & Plastics Machinery to acquire stakes in chemical fibre firm for 10.8 bln yuan

Feb 1 (Reuters) - Dalian Rubber & Plastics Machinery Co Ltd

* Says to acquire 99.99 percent stake in a chemical fibre firm for 10.8 billion yuan ($1.64 billion) via cash, share issue

Source text in Chinese: http://bit.ly/1nH6wfw

Further company coverage: ($1 = 6.5774 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)