-- 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.