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BRIEF-Better Life Commercial Chain Share to set up finance company with unit
April 11, 2017 / 6:52 AM / 8 months ago

BRIEF-Better Life Commercial Chain Share to set up finance company with unit

April 11 (Reuters) - Better Life Commercial Chain Share Co Ltd :

* Says co plans to use 450 million yuan to set up a finance company jointly with co’s wholly owned Loudi-based commercial chains unit

* Says the new finance company will be capitalized at 500 million yuan and co will hold 90 percent stake in it

Source text in Chinese: goo.gl/fiLUjd

Further company coverage: (Beijing Headline News)

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