June 7, 2017 / 9:24 AM / 2 months ago

BRIEF-Focus Media or unit to set up funds, receives warning from local regulator

1 Min Read

June 7 (Reuters) - Focus Media Information Technology Co Ltd

* Says it or unit plans to invest up to 450 million yuan ($66.24 million) in investment funds

* Says it receives warning from Guangdong securities regulator on violations in information disclosure

Source text in Chinese: bit.ly/2rKP3G9; bit.ly/2r4SYvk

Further company coverage: ($1 = 6.7932 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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