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BRIEF-Hangzhou CNCR-IT unit to increase stake in intelligent technology firm to 20 pct for 5.6 mln yuan
October 11, 2017 / 10:01 AM / a month ago

BRIEF-Hangzhou CNCR-IT unit to increase stake in intelligent technology firm to 20 pct for 5.6 mln yuan

Oct 11(Reuters) - Hangzhou CNCR-IT Co Ltd

* Says its IT unit will invest 3.4 million yuan in a Nanjing-based intelligent technology firm and will acquire 8 percent stake in the intelligent technology firm for 2.2 million yuan at the same time

* Says the unit will hold a 20 percent stake in the intelligent technology firm after the investment and the acquisition

Source text in Chinese:goo.gl/okjSM4

Further company coverage: (Beijing Headline News)

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