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United States

Wolong Real Estate Group Co Ltd (600173.SS)

600173.SS on Shanghai Stock Exchange

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Mon, Sep 11 2017

BRIEF-Wolong Real Estate Group unit to acquire Shanghai-based electric firm for 24.6 mln yuan

* Says its unit will acquire all shares of Shanghai-based electric firm for 24.6 million yuan

BRIEF-Wolong Real Estate Group to dissolve and liquidate real estate development unit

* Says it plans to dissolve and liquidate its wholly owned Shaoxing-baed real estate development subsidiary

BRIEF-Wolong Real Estate to sell Qingdao-based property unit for 220 mln yuan

* Says it plans to sell Qingdao-based property unit for 220 million yuan ($32.43 million)

BRIEF-Wolong Real Estate Group to invest 100 mln yuan to set up asset management unit

* Says it plans to invest 100 million yuan ($14.64 million) to set up asset management unit

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