August 28, 2017 / 9:42 AM / a year ago

BRIEF-Beijing Capital Development to set up JV and to acquire stake in investment development firm

Aug 28(Reuters) - Beijing Capital Development Co Ltd

* Says it plans to set up a project JV with partners, in Hainan, and will hold a 30 percent stake in the JV

* Says it plans to set up a real estate JV with partners, and will hold a 20 percent stake in the JV

* Says it will invest in a real estate JV and will increase stake in the JV to 24.5 percent from 16 percent

* Says it plans to sell entire 30 percent stake in a real estate development firm

* Says it plans to acquire 40 percent stake in a Shenzhen-based investment development firm for 400,000 yuan

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Further company coverage: (Beijing Headline News)

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