Brief: China Xinhua Education Announces Acquisition Of 60% Of Stake In Fuda Company
15/07/2019 24:04
July 15 (Reuters) - China Xinhua Education Group Ltd
2779.HK :
* ANNOUNCES ACQUISITION OF 60% OF SCHOOL SPONSOR'S INTEREST
IN TWO
SCHOOLS VIA ACQUISITION OF 60% OF STAKE IN FUDA COMPANY
* TOTAL CONSIDERATION PAYABLE BY GROUP TO FUDA COMPANY AND
VENDORS
FOR TRANSACTION IS RMB918 MILLION
Source text for Eikon: ID:nHKS5zZNqd
Further company coverage: 2779.HK
((Reuters.Briefs@thomsonreuters.com;))
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