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BRIEF-Shanghai New Culture's unit to acquire 40 pct stake in Premium Data Associates
January 3, 2017 / 10:57 AM / 9 months ago

BRIEF-Shanghai New Culture's unit to acquire 40 pct stake in Premium Data Associates

Jan 3 (Reuters) - Shanghai New Culture Media Group Co Ltd

* Says its Hong Kong unit plans to acquire 40 percent stake in Premium Data Associates for about 1.04 billion yuan ($149.47 million)

Source text in Chinese: bit.ly/2iZBHjx

Further company coverage: ($1 = 6.9581 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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