April 12, 2017 / 5:39 AM / 4 months ago

BRIEF-China United Travel to jointly set up investment JV and industry investment buyout fund

April 12 (Reuters) - China United Travel Co Ltd :

* Says it plans to invest 1.5 million yuan to set up a Hubei-based equity investment JV with partners and hold 30 percent stake in JV

* Says it will contribute capital of 23.5 million yuan to establish sport industry investment buyout fund, equivalent to a 9.4 percent stake

Source text in Chinese: goo.gl/9SUIg7

Further company coverage: (Beijing Headline News)

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