BRIEF-North Long Dragon New Materials Tech To Acquire Stakes In Composite Material Company

Reuters06-09

June 9 (Reuters) - North Long Dragon New Materials Tech Co Ltd 301357.SZ:

SAYS TRADING IN SHARES TO RESUME ON JUNE 10
SAYS CO PLANS TO ACQUIRE 51% STAKE IN COMPOSITE MATERIAL COMPANY FOR 102 MILLION YUAN ($14.20 million)
SAYS CO PLANS TO BUY 9% STAKE IN COMPOSITE MATERIAL COMPANY VIA SHARE ISSUE, TRANSACTION PRICE TO BE DETERMINED

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Further company coverage: 301357.SZ

($1 = 7.1824 Chinese yuan renminbi)

(Reporting by Beijing Newsroom)

((Shi.Bu@thomsonreuters.com;))

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