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8 months ago
BRIEF-Focus Media Information Technology plans investment fund, to boost Shanghai unit's capital
December 12, 2016 / 8:37 AM / 8 months ago

BRIEF-Focus Media Information Technology plans investment fund, to boost Shanghai unit's capital

Dec 12 (Reuters) - Focus Media Information Technology Co Ltd

* Says it plans to invest up to 200 million yuan ($28.92 million) to set up investment fund worth up to 400 million yuan

* Says it plans to boost Shanghai unit's registered capital to 1.0 billion yuan from 1.0 million yuan previously

Source text in Chinese: bit.ly/2husV0i; bit.ly/2gCH9L9

Further company coverage: ($1 = 6.9155 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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