BRIEF-Yunnan Metropolitan Real Estate to invest in property dev project, tourism firm and JV

, BRIEF-Yunnan Metropolitan Real Estate to invest in property dev project, tourism firm and JV, TravelWireNews | World News, TravelWireNews | World News

Dec 11 (Reuters) – Yunnan Metropolitan Real Estate Development Co Ltd:

* SAYS IT PLANS TO INVEST ABOUT 3.0 BILLION YUAN ($453.38 million) IN PROPERTY DEVELOPMENT PROJECT IN KUNMING CITY

* SAYS IT PLANS TO BUY 90 PERCENT STAKE IN TOURISM FIRM FOR UP TO 531.2 MILLION YUAN FROM CONTROLLING SHAREHOLDER

* SAYS IT PLANS TO INVEST 195 MILLION YUAN TO SET UP JV Source text in Chinese: bit.ly/2AthmAC; bit.ly/2iSYIqD; bit.ly/2kmKoGT Further company coverage: ($1 = 6.6170 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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