BRIEF-Dongxu Optoelectronic Technology plans to acquire two firms for 4.2 bln yuan

Newswire

March 20 (Reuters) - Dongxu Optoelectronic Technology Co Ltd * Says it plans to acquire Shanghai Sunlong Bus Co for 3.0 billion yuan ($434.47 million) via cash, share issue * Says it plans to acquire sichuan Xuhong Optoelectronic Technology Co for 1.2 billion yuan via share issue * Says it plans to raise up to 3.75 billion yuan in share private placement to fund acquisitions, projects Source text in Chinese: http://bit.ly/2mkKYZM ...

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