December 20, 2017 / 9:32 AM / 6 months ago

BRIEF-Shanghai Baolong Automotive to invest 50 mln yuan to set up JV with partners

Dec 20 (Reuters) - Shanghai Baolong Automotive Corp

* Says it will invest 50 million yuan to set up a JV named China Intelligent and Connected Vehicle Research Institute Co. Ltd., with partners

* Says it will hold 4.8 percent stake in the JV after transaction

Source text in Chinese:goo.gl/Az3mCy

Further company coverage: (Beijing Headline News)

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