March 25, 2018 / 8:00 AM / 25 days ago

BRIEF-Pengqi Technology To Sell Stake In Environmental Firm, Chairman Steps Down As General Manager

Reuters Staff

1 Min Read

March 25 (Reuters) - Pengqi Technology Development Co Ltd :

* SAYS IT PLANS TO SELL 51 PERCENT STAKE IN ENVIRONMENTAL PROTECTION FIRM FOR 1.2 BILLION YUAN ($190.14 million)

* SAYS ZHANG PENGQI RESIGNS FROM GENERAL MANAGER BUT REMAINS AS CHAIRMAN Source text in Chinese: bit.ly/2DSNvhv; bit.ly/2DQlS92 Further company coverage: ($1 = 6.3110 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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