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BRIEF-Shanghai Challenge Textile to raise stake in Beijing DQY Agriculture Technology to 50.5 pct
August 30, 2017 / 6:05 AM / 25 days ago

BRIEF-Shanghai Challenge Textile to raise stake in Beijing DQY Agriculture Technology to 50.5 pct

Aug 30(Reuters) - Shanghai Challenge Textile Co Ltd :

* Says it plans to buy 8.91 percent stake in Beijing DQY Agriculture Technology from Capital Today Investment Ii(Hk) Limited, at a price of 134.5 million yuan

* It will boost additional capital of 1.1 billion yuan in target company

* Its stake in target company will be raised to 50.5 percent from 5.5 percent after transaction

Source text in Chinese: goo.gl/fe9jaH

Further company coverage: (Beijing Headline News)

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