BRIEF-China Beidahuang Industry Group Announces MoU In Respect Of Possible Acquisition​

March 20 (Reuters) - China Beidahuang Industry Group Holdings Ltd:

* CO INTENDS TO ACQUIRE 20% STAKE IN NINGXIA CHENGGONG RED CHATEAU DAYMORE MANAGEMENT SERVICE CO

* CO ENTERED MOU WITH NINGXIA YINHE HUIXIN TECHNOLOGY INVESTMENT CO & ZHOU ZHIJIE TOGETHER WITH NINGXIA YH

* CONSIDERATION MAY BE SATISFIED IN CASH OR BY WAY OF SHARE SWAP

* NINGXIA CHENGGONG RED CHATEAU DAYMORE MANAGEMENT SERVICE WILL BE HELD AS TO 46.67% BY NINGXIA YH Source text for Eikon: Further company coverage: