BRIEF-Chen Xing Development Holdings says unit entered into agreement

April 18 (Reuters) - Chen Xing Development Holdings Ltd

:

* Discloseable transaction in respect of acquisition of 100%

equity interest in target company

* Deal for maximum consideration of rmb250 million

* Unit entered into agreement with vendors

* Independent third parties, being vendors to agreement to

sell 100% equity interest in Hainan Degao Investment to co's

unit

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