Brief: Xinhu Zhongbao Sees Shrinking Investment Gains If 51 Credit Card Continues To Fall

Vala

21/10/2019 13:36

Oct 21 (Reuters) - Xinhu Zhongbao Co Ltd  600208.SS :
    * SAYS IT HAS INVESTED A TOTAL OF $200 MILLION IN 51 CREDIT
CARD
INC  2051.HK  FOR 21.83% STAKE AS THE LATTER'S SECOND BIGGEST
SHAREHOLDER
    * SAYS IT DOES NOT PARTICIPATE IN 51 CREDIT CARD'S
MANAGEMENT AND
OPERATIONS
    * SAYS IF SHARE PRICES IN 51 CREDIT CARD CONTINUE TO FALL
SHARPLY,
CO'S INVESTMENT GAINS AND PROFIT WILL BE AFFECTED

Source text in Chinese: https://bit.ly/32zB3k6
Further company coverage:  600208.SS 

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-28436901; Reuters Messaging:
meg.shen.thomsonreuters.com@reuters.net))