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BRIEF-Henan Zhongyuan Expressway plans asset management firm, unit to invest in real estate firms
July 12, 2017 / 10:51 AM / in 5 months

BRIEF-Henan Zhongyuan Expressway plans asset management firm, unit to invest in real estate firms

July 12 (Reuters) - Henan Zhongyuan Expressway Co Ltd

* Says unit plans to invest 400 million yuan ($58.93 million) to set up real estate unit

* Says unit plans to boost real estate subsidiary’s capital by 210 million yuan

* Says it plans to invest up to 500 million yuan to set up asset management firm with partners

Source text in Chinese: bit.ly/2tMaW99bit.ly/2uQo4dcbit.ly/2uQRSqq

Further company coverage: ($1 = 6.7880 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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