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BRIEF-Hangzhou CNCR-IT unit to raise stake in Nanning-based cultural media firm to 25 pct
September 15, 2017 / 3:36 AM / 2 months ago

BRIEF-Hangzhou CNCR-IT unit to raise stake in Nanning-based cultural media firm to 25 pct

Sept 15(Reuters) - Hangzhou CNCR-IT Co Ltd

* Says co’s Chengdu-based information technology unit plans to invest 2.5 million yuan in Nanning-based cultural media firm and to acquire stake in the Nanning-based firm for 3.8 million yuan

* Says unit will hold 25 percent stake in the Nanning-based firm after investment and acquisition, up from 0 percent

Source text in Chinese: goo.gl/ZLAeWi

Further company coverage: (Beijing Headline News)

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