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BRIEF-Tsinghua Tongfang unit to buy 21 pct stake and invest in technology company
December 28, 2016 / 2:58 AM / 10 months ago

BRIEF-Tsinghua Tongfang unit to buy 21 pct stake and invest in technology company

Dec 28 (Reuters) - Tsinghua Tongfang :

* Says its Beijing-based software company will buy 21 percent stake in a Beijing-based technology company at 57.4 million yuan and will invest 37.9 million yuan in the target company after acquisition

* Says the subsidiary will hold 40 percent stake in the target company after acquisition and investment

Source text in Chinese: goo.gl/wLmdTG

Further company coverage: (Beijing Headline News)

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