April 17, 2018 / 9:33 AM / 5 days ago

BRIEF-Konka Group's Unit Plans To Set Up Buyout Fund

April 17 (Reuters) - Konka Group Co Ltd:

* SAYS UNIT PLANS TO INVEST 500 MILLION YUAN ($79.65 million) TO SET UP BUYOUT FUND WORTH UP TO 1.0 BILLION YUAN

* SAYS UNIT AND PARTNERS PLAN TO BOOST PROPERTY JV'S CAPITAL BY 400 MILLION YUAN TO 1.0 BILLION YUAN Source text in Chinese: bit.ly/2H6jrl2; bit.ly/2H5AmnH Further company coverage: ($1 = 6.2773 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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