February 23, 2017 / 10:09 PM / 5 months ago

BRIEF-VisionChina Media receives petition from former DMG shareholders

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Feb 23 (Reuters) - VisionChina Media Inc

* VisionChina Media receives petition from former dmg shareholders

* VisionChina Media says Gobi Fund, Gobi Fund II L.P. and Gobi Ventures Inc filed a petition in grand court of Cayman Islands

* VisionChina Media Inc says petition to request an order to wind up company

* VisionChina Media Inc says hearing of winding up petition has been scheduled on March 2, 2017.

* VisionChina Media Inc says currently in consultation with legal counsel to resolve issue, day-to-day operations in china continue its normal course of business Source text for Eikon: Further company coverage:

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