BRIEF-Pioneer Global Group buys 20 pct stake in InterContinental, Hong Kong

March 29 (Reuters) - Pioneer Global Group Ltd:

* On 28 March 2017 (after trading hours), Uniever entered

into agreements with vendor

* Deal for consideration of US$118.4 million

* Agreement to acquire additional 20% equity interest of

Hotel Investment Company

* Deal to acquire additional 20% equity interest (which

consists of share capital and shareholder loan) of Hotel

Investment Company

* Vendor is Panorama International Trading Limited, a

company incorporated in British Virgin Islands

* Application has been made to stock exchange for resumption

of trading of shares in company on 29 March

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