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BRIEF-BTG Hotels to acquire 70 pct stake in Nanyuan for 280 million yuan
December 8, 2014 / 1:42 PM / 3 years ago

BRIEF-BTG Hotels to acquire 70 pct stake in Nanyuan for 280 million yuan

Dec 8 (Reuters) - BTG Hotels Group Co Ltd

* Says plans to acquire 70 percent stake in Ningbo-based Nanyuan for 280 million yuan ($45.36 million)

* Says plans to sell 51 percent stake in BTG International Travel & Tours for 40.3 million yuan

Source text in Chinese:bit.ly/1ubIuEu

Further company coverage: ($1 = 6.1725 Chinese yuan renminbi) (Reporting By Hong Kong and Singapore newsrooms)

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