February 23, 2018 / 10:50 AM / 3 months ago

BRIEF-Tonghua Grape Wine To Buy 49 Pct Stake In Online Liquor Retailer For 367.5 Mln Yuan

Feb 23 (Reuters) - Tonghua Grape Wine Co Ltd:

* SAYS IT PLANS TO BUY 49 PERCENT STAKE IN ONLINE LIQUOR RETAILER JIURUNYUAN FOR 367.5 MILLION YUAN ($58.04 million) VIA CASH, SHARE ISSUE Source text in Chinese: bit.ly/2EMywHb Further company coverage: ($1 = 6.3318 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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