July 24 (Reuters) - Fibocom Wireless Inc 300638.SZ :
* SAYS IT AGREES TO INVEST 229.6 MILLION YUAN ($32.78 million) TO SET UP PROJECT JV IN ORDER TO BUY AUTOMOTIVE EMBEDDED MODULE PRODUCT LINE FOR UP TO $165 MILLION FROM SIERRA WIRELESS INC
July 24 (Reuters) - Fibocom Wireless Inc 300638.SZ :
* SAYS IT AGREES TO INVEST 229.6 MILLION YUAN ($32.78 million) TO SET UP PROJECT JV IN ORDER TO BUY AUTOMOTIVE EMBEDDED MODULE PRODUCT LINE FOR UP TO $165 MILLION FROM SIERRA WIRELESS INC