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BRIEF-Teamax Smart City Technology's unit plans management firm, scraps plan to buy property assets
June 20, 2017 / 4:29 AM / 3 months ago

BRIEF-Teamax Smart City Technology's unit plans management firm, scraps plan to buy property assets

June 20 (Reuters) - Teamax Smart City Technology Corp Ltd

* Says unit plans to set up investment management firm worth 200 million yuan ($29.28 million) with partners

* Says unit scraps plan to buy property assets for 200 million yuan

Source text in Chinese: bit.ly/2sv0QZC; bit.ly/2rKuXiw

Further company coverage: ($1 = 6.8302 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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