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BRIEF- Daikokuya Holdings says business and capital memorandum with CITIC
May 24, 2017 / 6:17 AM / 3 months ago

BRIEF- Daikokuya Holdings says business and capital memorandum with CITIC

May 24(Reuters) - Daikokuya Holdings Co Ltd

* Says it signed a memorandum with CITIC XINBANG ASSET MANAGEMENT CORPORATION LTD. (CITIC), to enhance business and capital partnership

* Says CITIC will hold 30 percent stake in SBO, a wholly owned unit of the company

* Says its unit Daikokuya Global Holding will be a wholly owned unit of SBO through reverse stock split and cash payment

Source text in Japanese:goo.gl/8yW2oG

Further company coverage: (Beijing Headline News)

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