January 16, 2018 / 8:56 AM / in 9 months

BRIEF-G-Bits Network Technology Xiamen unit to set up JV and fund with partners

Jan 16(Reuters) - G-Bits Network Technology Xiamen Co Ltd

* Says its wholly owned unit plans to invest 1.5 million yuan to set up an investment management JV with partner

* Says the unit will hold a 15 percent stake in the JV

* Says the unit plans to invest 60 million yuan to set up an investment fund with the investment management JV and other partners

* Says tentative total size of the fund is 300 million yuan

Source text in Chinese:goo.gl/7mJGti

Further company coverage: (Beijing Headline News)

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