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BRIEF-China Fortune Land's investment unit to buy back 48.98 pct stake in Beijing investment development firm
July 12, 2017 / 1:55 AM / 2 months ago

BRIEF-China Fortune Land's investment unit to buy back 48.98 pct stake in Beijing investment development firm

July 12 (Reuters) - China Fortune Land Co Ltd :

* Says its indirect wholly owned investment subsidiary enters into agreement to buy back 48.98 percent stake in Beijing investment development firm (the target firm), via 2.1 billion yuan worth of capital injection

* Says the investment subsidiary will wholly own the target firm after transaction

Source text in Chinese: goo.gl/4SyYPZ

Further company coverage: (Beijing Headline News)

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