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BRIEF-Focus Media's unit will receive 350 mln yuan from three investors
November 17, 2017 / 8:31 AM / 25 days ago

BRIEF-Focus Media's unit will receive 350 mln yuan from three investors

Nov 17 (Reuters) - Focus Media Information Technology Co Ltd

* Says unit plans to sell 12.9 percent stake in information technology firm for 120 million yuan ($18.09 million)

* Says its unit will receive 350 million yuan from three investors

Source text in Chinese: bit.ly/2hHwEtl

Further company coverage: ($1 = 6.6350 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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