BRIEF-Chen Xing Development Announces Acquisition Of Non-Wholly Owned Subsidiary

Reuters01-08

Jan 8 (Reuters) - Chen Xing Development Holdings Ltd

* ACQUISITION OF EQUITY INTEREST- IN A NON-WHOLLY OWNED SUBSIDIARY

* SICHUAN CHANGXING INDUSTRIAL TO SELL EQUITY INTEREST IN SICHUAN CHENXING FOR RMB45 MILLION

* CAPITAL INJECTION IN MIANYANG CHENXING

* SICHUAN CHANGXING INDUSTRIAL (GROUP) & SICHUAN CHENXING TO MAKE CAPITAL INJECTION OF RMB136 MILLION & RMB154 MILLION INTO UNIT

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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