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9 months ago
BRIEF-Property firm Yango acquires stake and debt of Xiangyang Investment
November 7, 2016 / 5:02 AM / 9 months ago

BRIEF-Property firm Yango acquires stake and debt of Xiangyang Investment

Nov 7 (Reuters) - Yango Group Co Ltd

* Says it acquires 50 percent stake for 250 million yuan ($36.90 million) and debt equivalent to 792 million yuan of Xiangyang investment firm

Source text in Chinese: bit.ly/2fulPWg

Further company coverage: ($1 = 6.7742 Chinese yuan renminbi) ($1 = 6.7744 Chinese yuan renminbi) (Reporting by Beijing newsroom)

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