Brief: Xinhua Holdings unit to sell 50 pct stake in unit for 15 mln yen and says abolition of business segment

Beat Holdings

14/09/2016 04:20

Sept 14 (Reuters) - Xinhua Holdings Ltd  9399.T : 
     
    * Says its unit Xinhua Financial Network to sell entire 
holding 50 percent stake in Hong Kong-based unit Fortune China 
Public Relations to Zhou Zhou Zhen on Sep. 30 
    * Says transaction price of 15 million yen 
    * Says it plans abolition of financial information 
distribution business segment (financial information 
distribution business) due to the transaction 
     
    Source text in Japanese: https://goo.gl/m6gBd2 
    Further company Coverage:  9399.T  
 
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