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BRIEF-Baofeng Group says two investors to invest 800 mln yuan in tech unit of co
December 8, 2017 / 6:00 AM / 6 days ago

BRIEF-Baofeng Group says two investors to invest 800 mln yuan in tech unit of co

Dec 8 (Reuters) - Baofeng Group Co Ltd

* Says Suzhou Dongshan Precision Manufacturing Co Ltd and an investment fund will invest totalling 800 million yuan in Shenzhen-based tech unit of the company

* Says the unit’s stake held by the company will be decreased to 21.6 percent from 27.3 percent after transaction

Source text in Chinese:goo.gl/XNfNzZ

Further company coverage: (Beijing Headline News)

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