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BRIEF-China New Town Development Updates On Lenovo Mobile Communication Software (Wuhan) Acquisition

Reuters

June 1 (Reuters) - China New Town Development Co Ltd :

* CDB NEW TOWN (BEIJING) ASSET MANAGEMENT CO & TONGCHUANG LP TO ESTABLISH JV CO WITH A REGISTERED CAPITAL OF RMB10 MILLION

* JV CO SHALL BUY 80 PERCENT STAKE IN LENOVO MOBILE COMMUNICATION SOFTWARE (WUHAN) LTD

* CDB NEW TOWN (BEIJING) ASSET MANAGEMENT TO BUY 20 PERCENT STAKE IN LENOVO MOBILE COMMUNICATION SOFTWARE (WUHAN) LTD

* JV CO TO ACQUIRE 80 PERCENT STAKE IN LENOVO MOBILE COMMUNICATION SOFTWARE (WUHAN) LTD FOR RMB240 MILLION Source text for Eikon: Further company coverage: