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BRIEF-Shanghai Shimao to buy stake in three firms for totally 4,670.5 mln yuan
October 13, 2016 / 8:06 AM / a year ago

BRIEF-Shanghai Shimao to buy stake in three firms for totally 4,670.5 mln yuan

Oct 13 (Reuters) - Shanghai Shimao Co Ltd :

* Says it to buy 51 percent stake in Shenzhen-based development firm, 100 percent stake in Hangzhou-based property firm and Nanchang-based investment firm respectively

* Says transaction price of about 2,452.1 million yuan, 1,547.8 million yuan and 670.6 million yuan respectively

Source text in Chinese: goo.gl/cd3nQM

Further company Coverage: (Beijing Headline News)

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