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BRIEF-Anhui Xinke New Materials to acquire stake in Pegasus Entertainment
December 20, 2016 / 11:20 AM / 10 months ago

BRIEF-Anhui Xinke New Materials to acquire stake in Pegasus Entertainment

Dec 20 (Reuters) - Anhui Xinke New Materials Co Ltd

* Says it plans to acquire 29.9 percent stake in Pegasus Entertainment for HK$194.2 million ($25.00 million)

* Says it scraps asset restructuring plan

* Says Ma Jingzhong resigns as general manager due to change in job role, but remains as president

Source text in Chinese: bit.ly/2h6ZqCd; bit.ly/2h6Zvpv; bit.ly/2hPUssU

Further company coverage: ($1 = 7.7668 Hong Kong dollars) (Reporting by Hong Kong newsroom)

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