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BRIEF-Shanghai 2345 Network Holding Group's unit to buy stake in Internet small loan firm and increase capital
November 8, 2017 / 3:34 AM / a month ago

BRIEF-Shanghai 2345 Network Holding Group's unit to buy stake in Internet small loan firm and increase capital

Nov 8 (Reuters) - Shanghai 2345 Network Holding Group Co Ltd :

* Says its fin-tech unit plans to use 168.9 million yuan to buy 15 percent stake in a Guangzhou-based Internet small loan firm (target company)

* And then the unit will boost the target company’s capital by 1 billion yuan, raising stake in it to 57.5 percent after transaction

Source text in Chinese: goo.gl/V71wVb

Further company coverage: (Beijing Headline News)

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