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BRIEF-Time Publishing and Media scraps asset restructuring plan, to set up investment fund
September 29, 2017 / 1:05 PM / in 24 days

BRIEF-Time Publishing and Media scraps asset restructuring plan, to set up investment fund

Sept 29 (Reuters) - Time Publishing and Media Co Ltd

* Says it scraps asset restructuring plan

* Says it plans to invest 220 million yuan ($33.09 million) to set up investment fund worth 4.0 billion yuan with partners

Source text in Chinese: bit.ly/2ye3DMt; bit.ly/2xP1ypa

Further company coverage: ($1 = 6.6480 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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