March 19, 2018 / 8:07 AM / 5 months ago

BRIEF-Shenzhen Cotran New Material unit to invest 17 mln yuan in auto parts firm to own 80 pct stake in it

March 19(Reuters) - Shenzhen Cotran New Material Co Ltd

* Says co’s Shenzhen-based sealing element unit plans to invest 17 million yuan in a Wuhu-based auto parts firm (target firm)

* Says unit will hold 80 percent stake in target firm, up from 0 percent

Source text in Chinese: goo.gl/4hV6H5

Further company coverage: (Beijing Headline News)

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