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BRIEF-Tongkun Group's unit to acquire 20 pct stake in Zhejiang firm for 1 bln yuan
May 15, 2017 / 11:03 AM / 6 months ago

BRIEF-Tongkun Group's unit to acquire 20 pct stake in Zhejiang firm for 1 bln yuan

May 15 (Reuters) - Tongkun Group Co Ltd

* Says unit plans to acquire 20 percent stake in Zhejiang-based petrochemical firm for 1.01 billion yuan ($146.56 million)

Source text in Chinese: bit.ly/2qiEM5m

Further company coverage: ($1 = 6.8915 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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