March 30, 2018 / 1:31 PM / 20 days ago

BRIEF-Cofco Property To Acquire Stake In Joy City Property For About 14.75 Bln Yuan

March 30 (Reuters) - Cofco Property Group Co Ltd :

* SAYS IT PLANS TO ACQUIRE 64.18 PERCENT STAKE IN JOY CITY PROPERTY FOR AN ESTIMATED 14.75 BILLION YUAN ($2.35 billion) VIA SHARE ISSUE Source text in Chinese: bit.ly/2pWytTl Further company coverage: ($1 = 6.2726 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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