May 4, 2018 / 12:15 PM / in 3 months

BRIEF-Kangxin New Materials to buy stakes in wood product and bamboo firms

May 4 (Reuters) - Kangxin New Materials Co Ltd:

* SAYS IT PLANS TO BUY 100 PERCENT STAKE IN WOOD PRODUCT FIRM FOR UP TO 1.08 BILLION YUAN ($169.90 million), 70 PERCENT STAKE IN LIAN CHENG CHAO BAMBOO INDUSTRY CO FOR ABOUT 70 MILLION YUAN BY CASH Source text in Chinese: bit.ly/2rk0iq7 Further company coverage: ($1 = 6.3565 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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