February 12, 2018 / 12:36 PM / in 7 days

BRIEF-Jiangsu Broadcasting Cable To Buy Remaining Stake In Network Development Unit For 8.28 Bln Yuan

Feb 12 (Reuters) - Jiangsu Broadcasting Cable Information Network Corp Ltd:

* SAYS IT PLANS TO ACQUIRE REMAINING 70 PERCENT STAKE IN NETWORK DEVELOPMENT UNIT FOR 8.28 BILLION YUAN ($1.31 billion) VIA CASH, SHARE ISSUE Source text in Chinese: bit.ly/2EX7i1L Further company coverage: ($1 = 6.3265 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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