April 27, 2017 / 1:53 AM / 3 months ago

BRIEF-China Baoan Group to buy 23 pct stake in electromechanical for 92 mln yuan, raising stake to 91 pct

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April 27 (Reuters) - China Baoan Group Co Ltd :

* Says it plans to buy 23 percent stake of shares in a Zhangjiagang-based firm (target firm) at 92 million yuan

* Says co will own 91 percent stake in the target firm after transaction up from 68 percent

Source text in Chinese: goo.gl/yvrr0m

Further company coverage: (Beijing Headline News)

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