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BRIEF-China Fortune Land unit to buy back 49.49 pct stake in real estate development firm for 1.31 bln yuan
July 12, 2017 / 2:59 AM / 3 months ago

BRIEF-China Fortune Land unit to buy back 49.49 pct stake in real estate development firm for 1.31 bln yuan

July 12 (Reuters) - China Fortune Land Co Ltd :

* Says its unit plans to buy back 49.49 percent stake in a real estate development firm for 1.31 billion yuan

* Says the unit will wholly own the target firm after transaction

Source text in Chinese: goo.gl/fo8Zzg

Further company coverage: (Beijing Headline News)

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