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BRIEF-Shanghai Jin Jiang International Hotels Development to buy 12 pct stake in controlling unit Keystone
October 23, 2017 / 9:38 AM / a month ago

BRIEF-Shanghai Jin Jiang International Hotels Development to buy 12 pct stake in controlling unit Keystone

Oct 23 (Reuters) - Shanghai Jin Jiang International Hotels Development Co Ltd :

* Says it plans to buy 12.0001 percent stake in controlling subsidiary Keystone Lodging Holdings Limited from Prototal Enterprises Limited

* Transaction price is 1.20 billion yuan

* Its stake in target company will be raised to 93.0035 percent from 81.0034 percent after transaction

Source text in Chinese: goo.gl/Q336F1

Further company coverage: (Beijing Headline News)

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