China Ever Grand Financial In Talks to Acquire China Fusion Times Technology

MT Newswires Live

May 04

China Ever Grand Financial Leasing Group (HKG:0379) said it is in talks to acquire China Fusion Times Technology, according to a Hong Kong bourse filing Thursday.

The hygiene products maker's shares gained nearly 2% in late morning trade Monday.

Th firm said it entered a memorandum of understanding to negotiate the purchase of the advanced thermal management company in exchange for its shares.

The company plans to enter a definitive agreement by Oct. 31 following due diligence.

The firm cautioned that talks were in the preliminary stage and nothing had been agreed to so far.

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