Brief: Nanjing Xinjiekou Department Store Brings In C.Banner International As House Of Fraser's Shareholder

C banner International Holdings

02/05/2018 13:03

May 2 (Reuters) - Nanjing Xinjiekou Department Store Co Ltd
 600682.SS :
    * SAYS C.BANNER INTERNATIONAL HOLDINGS LTD  1028.HK  AGREES
TO
INVEST 1.24 BILLION YUAN  ($195.04 million) TO OWN 51 PERCENT
STAKE IN HOUSE OF FRASER GROUP VIA STAKE PURCHASE, CAPITAL BOOST
    * SAYS IT NO LONGER HOLDS CONTROLLING STAKE IN HOUSE OF
FRASER
AFTER THE TRANSACTION

Source text in Chinese: https://bit.ly/2I6ZONp
Further company coverage:  600682.SS 

($1 = 6.3576 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-28436901; Reuters Messaging:
meg.shen.thomsonreuters.com@reuters.net))