January 3, 2017 / 2:55 AM / 9 months ago

BRIEF-Hainan Haiyao to sell 30 pct stake in petty loan firm

Jan 3 (Reuters) - Hainan Haiyao Co Ltd :

* Says it enters into agreement to sell 30 percent stake in a Chongqing-based petty loan firm for about 37 million to individuals

* Says co’s stake in petty loan firm will be lowered to 20 percent from 50 percent

* Co aims to divest entire stake in the petty loan firm

Source text in Chinese: goo.gl/XUahya

Further company coverage: (Beijing Headline News)

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