March 30, 2018 / 11:21 AM / 24 days ago

BRIEF-Tahoe Group To Issue Asset-Backed Securities, Unit To Sell Stake, Debts In Property Firm

March 30 (Reuters) - Tahoe Group Co Ltd:

* SAYS BOARD APPROVES TO ISSUE ASSET-BACKED SECURITIES OF UP TO 10 BILLION YUAN ($1.59 billion)

* SAYS UNIT PLANS TO SELL STAKE AND DEBTS IN PROPERTY FIRM FOR 878.4 MILLION YUAN Source text in Chinese: bit.ly/2pPpJPE Further company coverage: ($1 = 6.2730 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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