February 7, 2018 / 8:58 AM / 6 months ago

BRIEF-Tahoe Group To Acquire Stake In Real Estate Firm, To Issue Asset-Backed Securities

Feb 7 (Reuters) - Tahoe Group Co Ltd:

* SAYS UNIT SIGNS AGREEMENT TO ACQUIRE 70 PERCENT STAKE IN REAL ESTATE FIRM FOR 785.5 MILLION YUAN ($125.49 million)

* SAYS IT PLANS TO ISSUE ASSET-BACKED SECURITIES OF UP TO 1.7 BILLION YUAN Source text in Chinese: bit.ly/2BcMWlc; bit.ly/2Bf0Inq Further company coverage: ($1 = 6.2595 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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