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    1278 — China New Town Development News Story

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    Brief: China New Town Development Updates On Lenovo Mobile Communication Software (Wuhan) Acquisition

    Picture of China New Town Development logoChina New Town Development
    01/06/2018 12:18
    June 1 (Reuters) - China New Town Development Co Ltd
 1278.HK :
    * CDB NEW TOWN (BEIJING) ASSET MANAGEMENT CO & TONGCHUANG LP
TO
ESTABLISH JV CO WITH A REGISTERED CAPITAL OF RMB10 MILLION
    * JV CO SHALL BUY 80 PERCENT STAKE IN LENOVO MOBILE
COMMUNICATION
SOFTWARE (WUHAN) LTD
    * CDB NEW TOWN (BEIJING) ASSET MANAGEMENT TO BUY 20 PERCENT
STAKE
IN LENOVO MOBILE COMMUNICATION SOFTWARE (WUHAN) LTD
    * JV CO TO ACQUIRE 80 PERCENT STAKE IN LENOVO MOBILE
COMMUNICATION
SOFTWARE (WUHAN) LTD FOR RMB240 MILLION

Source text for Eikon:  ID:nHKS53J2Wg 
Further company coverage:  1278.HK 

 ((Reuters.Briefs@thomsonreuters.com;))

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