April 7, 2017 / 8:23 AM / 4 months ago

BRIEF-China United Travel to buy 40 pct stake and boost capital in media firm

April 7(Reuters) - China United Travel Co Ltd :

* Says it will buy 40 percent stake in Raynew, a Beijing-based media company, and boost capital of 224,500 yuan in it

* It will hold 51 percent stake in Raynew, after transaction

Source text in Chinese: goo.gl/RRWM8v

Further company coverage: (Beijing Headline News)

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