U.S. Markets open in 7 hrs 35 mins

BRIEF-Zhejiang Yinlun Machinery's Unit To Invest In Sweden's Setrab Aktiebolag

  • Oops!
    Something went wrong.
    Please try again later.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • 002126.SZ

April 3 (Reuters) - Zhejiang Yinlun Machinery Co Ltd :

* SAYS ITS EUROPE UNIT PLANS TO INVEST ABOUT 70 MILLION SWEDISH KRONAS ($7.56 million) IN SWEDEN'S SETRAB AKTIEBOLAG FOR 100 PERCENT STAKE

* SAYS IT PLANS TO BOOST SHANGHAI UNIT'S CAPITAL BY 200 MILLION YUAN ($29.82 million) FOR THE ACQUISITION AND MARKET DEVELOPMENT NEEDS IN EUROPE Source text in Chinese: https://bit.ly/2WJAW1Q; https://bit.ly/2UaT5ZT Further company coverage: ($1 = 6.7070 Chinese yuan renminbi) ($1 = 9.2653 Swedish kronas) (Reporting by Hong Kong newsroom)