December 27, 2017 / 5:31 AM / 5 months ago

BRIEF-Huatian Hotel Group sells 51 pct stake in hotel management firm

Dec 27 (Reuters) - Huatian Hotel Group Co Ltd :

* Says 51 percent stake in a Beijing-based hotel management firm (target firm) has been transferred to a Hunan equity investment fund LP

* Co’s stake in the target firm was lowered to 49 percent from 100 percent

Source text in Chinese: goo.gl/Kt69Cm

Further company coverage: (Beijing Headline News)

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