Brief: Jiangsu Dagang's share trade to resume amid JV deal, shareholder cutting stake

Strong Petrochemical Holdings

20/10/2017 11:57

Oct 20 (Reuters) - Jiangsu Dagang Co Ltd  002077.SZ  
    * Says controlling shareholder plans to sell 12.5 percent 
stake in the company 
    * Says it plans to invest 1.5 billion yuan  ($226.62 
million) to set up investment JV with partners including Strong 
Petrochemical Holdings Ltd  0852.HK  
    * Says share trade to resume on Oct 23 
 
 
    Source text in Chinese: http://bit.ly/2gx5ogh; 
http://bit.ly/2gV2K0Q 
    Further company coverage:  002077.SZ  
 
 
($1 = 6.6190 Chinese yuan renminbi) 
 
 (Reporting by Hong Kong newsroom) 
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Reuters Messaging: min.zhang@thomsonreuters.com))