Brief: Shanghai La Chapelle Fashion To Acquire Stake In Lacha Apparel, To Own 100 Pct Of Naf Naf After Transaction

Xinjiang La Chapelle Fashion Co

26/11/2018 12:01

Nov 26 (Reuters) - Shanghai La Chapelle Fashion Co Ltd
 603157.SS :
    * SAYS UNIT PLANS TO BUY 60 PERCENT STAKE IN LACHA APPAREL
II FOR
35.34 MILLION EUROS  ($40.17 million) TO INDIRECTLY OWN 60
PERCENT STAKE IN FRANCE'S NAF NAF SAS
    * SAYS IT WILL OWN 100 PERCENT STAKE IN NAF NAF SAS AFTER
THE
TRANSACTION

Source text foin Chinese: https://bit.ly/2PUY6DP
Further company coverage:  603157.SS 

($1 = 0.8797 euros)

 (Reporting by Hong Kong newsroom)
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