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BRIEF-Shanghai Phoenix Enterprise (Group) unit to divest stake in SCEM
November 7, 2016 / 3:27 AM / 10 months ago

BRIEF-Shanghai Phoenix Enterprise (Group) unit to divest stake in SCEM

Nov 7 (Reuters) - Shanghai Phoenix Enterprise (Group) Co Ltd :

* Says its unit plans to sell 27.5 percent stake in Shanghai Chemical Exchange Management Co., Ltd (SCEM) at 9.1 million yuan

* The unit will hold no stake in SCEM after transaction

Source text in Chinese: goo.gl/p3r23x

Further company coverage: (Beijing Headline News)

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