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BRIEF-China Bicycle Co Holdings to increase stake in Anmingsi to 55 pct for 61.6 mln yuan
March 2, 2017 / 8:37 AM / 9 months ago

BRIEF-China Bicycle Co Holdings to increase stake in Anmingsi to 55 pct for 61.6 mln yuan

March 1 (Reuters) - China Bicycle Co Holdings Ltd :

* Says it will invest 61.6 million yuan in Anmingsi Corporation, which is engaged in intelligent system integration and other related business

* Says it will increase its stake in Anmingsi Corporation to 55 percent from 0 percent after the capital injection

* In the previous plan, co aims to invest 800 million yuan for 66.67 percent stake in the target co Anmingsi

Source text in Chinese: goo.gl/HcwBA1

Further company coverage: (Beijing Headline News)

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