February 23, 2017 / 12:17 PM / 5 months ago

BRIEF-China Construction Bank in deal to invest in Nanjing Iron & Steel's unit

1 Min Read

Feb 23 (Reuters) - Nanjing Iron & Steel Co Ltd

* Says it, controlling shareholder and China Construction Bank's branch sign letter of intent to invest in company's unit

* Says China Construction Bank's branch, controlling shareholder plan to invest 3.0 billion yuan ($436.30 million), 750 million yuan in company's unit for repaying debts, boosting liquidity

* Says share trade to resume on Feb 24

Source text in Chinese: bit.ly/2molwOu; bit.ly/2lO1n7O

Further company coverage: ($1 = 6.8760 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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