BRIEF-China Environmental Resources Group To Explore Investment In Hotel And Restaurant Service Industry In Nepal

July 30 (Reuters) - China Environmental Resources Group Ltd :

* BOARD HAD DECIDED TO EXPLORE AN INVESTMENT IN HOTEL AND RESTAURANT SERVICE INDUSTRY IN NEPAL

* INDIRECTLY WHOLLY OWNED SUBSIDIARY HAS BEEN FORMED AS AN INVESTMENT VEHICLE FOR COMPANY'S NEPAL INVESTMENT

* CO IS NEGOTIATING A LEASE AT KATHMANDU TO OPERATE A HOTEL WITH RESTAURANT OUTLETS

* AS OF DATE OF ANNOUNCEMENT, INVESTMENT IS AT PRELIMINARY STAGE Source text for Eikon: Further company coverage: