Advanced Fiber Resources Zhuhai Ltd SZSE:300620:
SAYS CO PLANS TO BUY 99.97% STAKE IN AGIX OPTICAL TECHNOLOGY FOR 1.6 BILLION YUAN ($225.04 million) VIA SHARE, BOND ISSUE AND CASH
SAYS CO PLANS TO RAISE UP TO 800 MLN YUAN VIA SHARE PRIVATE PLACEMENT TO FUND ACQUISITION, BOOST CAPITAL AND REPAY DEBT
($1 = 7.1098 Chinese yuan renminbi)