May 7, 2018 / 4:35 AM / 7 months ago

BRIEF- IReader Technology to acquire 16 pct stake in Nanjing firm for 85 mln yuan

May 7(Reuters) - IReader Technology Co Ltd

* Says it plans to acquire 16 percent stake in a Nanjing-based company, which is mainly engaged in management of original literature content, for 85 million yuan

* Says it will hold a 20.8 percent stake in the Nanjing-based company after the acquisition

Source text in Chinese:goo.gl/qpEB4o

Further company coverage: (Beijing Headline News)

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