March 9, 2016 / 9:19 AM / a year ago

BRIEF-Xinhu Zhongbao's unit plans to acquire Shanghai real estate firm

March 9 (Reuters) - Xinhu Zhongbao Co Ltd

* Says unit plans to acquire Shanghai real estate firm and its debts for a combined 1.2 billion yuan ($184.26 million)

Source text in Chinese: bit.ly/1LQFHA1

Further company coverage: ($1 = 6.5124 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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