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BRIEF-Jiangsu Lugang Culture plans investment fund with partners, stake acquisition in media firm
November 6, 2017 / 9:17 AM / in 12 days

BRIEF-Jiangsu Lugang Culture plans investment fund with partners, stake acquisition in media firm

Nov 6 (Reuters) - Jiangsu Lugang Culture Co Ltd

* Says it plans to set up investment fund worth 1.0 billion yuan ($150.88 million) with partners

* Says it signs agreement to buy 45 percent stake in media firm for 395 million yuan

Source text in Chinese: bit.ly/2Ac4zh7; bit.ly/2h8vza4

Further company coverage: ($1 = 6.6276 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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