May 2, 2018 / 12:03 PM / 3 months ago

BRIEF-Nanjing Xinjiekou Department Store Brings In C.Banner International As House Of Fraser's Shareholder

May 2 (Reuters) - Nanjing Xinjiekou Department Store Co Ltd :

* SAYS C.BANNER INTERNATIONAL HOLDINGS LTD AGREES TO INVEST 1.24 BILLION YUAN ($195.04 million) TO OWN 51 PERCENT STAKE IN HOUSE OF FRASER GROUP VIA STAKE PURCHASE, CAPITAL BOOST

* SAYS IT NO LONGER HOLDS CONTROLLING STAKE IN HOUSE OF FRASER AFTER THE TRANSACTION Source text in Chinese: bit.ly/2I6ZONp Further company coverage: ($1 = 6.3576 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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