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BRIEF-Navinfo to raise stake in connected car unit to 100 pct
April 26, 2017 / 8:52 AM / 8 months ago

BRIEF-Navinfo to raise stake in connected car unit to 100 pct

April 26(Reuters) - Navinfo Co Ltd :

* Says it will buy 49 percent stake in its controlling unit, a connected car tech firm, and boost additional capital to the unit

* Total invest amount is 158.3 million yuan

* It will hold 100 percent stake in the unit after transaction

Source text in Chinese: goo.gl/6VpTd1

Further company coverage: (Beijing Headline News)

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