Brief: Shandong Hiking Plans Vehicle Trading Unit, Unit To Invest In Japan's Carchs Holdings

Ledax

16/05/2019 09:06

May 16 (Reuters) - Shandong Hiking International Co Ltd
 600735.SS :
    * SAYS IT PLANS TO INVEST 100 MILLION YUAN  ($14.53
million)TO SET
UP VEHICLE TRADING UNIT
    * SAYS UNIT SIGNS CONTRACT TO INVEST ABOUT 12.5 MILLION YUAN
IN
JAPAN'S CARCHS HOLDINGS FOR 4.21% STAKE
    * SAYS UNIT WILL BECOME CARCHS HOLDINGS' THIRD LARGEST
SHAREHOLDER
AFTER TRANSACTION

Source text in Chinese: http://bit.ly/2LHXM9v;
http://bit.ly/2HmkYGc
Further company coverage:  600735.SS 

($1 = 6.8841 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
 ((hongkong.newsroom@thomsonreuters.com; （8610）6627-1277;
Reuters Messaging: roxanne.liu@thomsonreuters.com))