June 12, 2017 / 11:18 AM / 2 months ago

BRIEF-Huayi Brothers Media to transfer stake in Guangzhou firm for 647 mln yuan

June 12 (Reuters) - Huayi Brothers Media Corp

* Says its board approves plan to transfer 25.88 percent stake in Guangzhou firm for 647 million yuan ($95.18 million)

Source text in Chinese: bit.ly/2sTonTT

Further company coverage: ($1 = 6.7980 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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