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BRIEF-Phoenix Publishing & Media plans investment in online video provider PPTV
September 1, 2014 / 4:46 AM / 3 years ago

BRIEF-Phoenix Publishing & Media plans investment in online video provider PPTV

Sept 1 (Reuters) - China’s Jiangsu Phoenix Publishing & Media Corp Ltd

* Says plans to invest about 371 million yuan (60.42 million US dollar) in Exalt Spring Holding Ltd which holds stake in China’s online video provider PPTV

* Says to indirectly hold 9.56 pct stake in PPTV after completion of the deal

Source text in Chinese: bit.ly/1qTrba0

Further company coverage: (1 US dollar = 6.1400 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)

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