December 29, 2017 / 11:24 AM / 21 days ago

BRIEF-Eastern Pioneer Driving School To Set Up Buyout Fund, To Acquire Stake In Driving School

Dec 29 (Reuters) - Eastern Pioneer Driving School Co Ltd :

* SAYS IT PLANS TO ACQUIRE 51 PERCENT STAKE IN A DRIVING SCHOOL IN SHAANXI PROVINCE FOR 153 MILLION YUAN ($23.52 million)

* SAYS IT PLANS TO SET UP BUYOUT FUND WORTH 1.0 BILLION YUAN WITH PARTNERS Source text in Chinese: bit.ly/2CgohgC; bit.ly/2CirkVf Further company coverage: ($1 = 6.5048 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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