BRIEF-China Fortune Investments announces acquisition of Affluent Grand

April 28 (Reuters) - China Fortune Investments Holding Ltd


* Major transaction acquisition of Affluent Grand Limited

* Acquisition of affluent grand limited

* Company agreed to acquire from vendors entire issued share

capital of target and shareholders loan for HK$380 million

* Consideration to be satisfied as to HK$120 million in

cash, HK$100 million by issue of promissory note,HK$160 million

by issue of bonds

* Co to acquire issued share capital of affluent grand from

tai quan enterprises and extreme rich corporate development

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