Sept 29 (Reuters) - UTour Group Co Ltd :
* SAYS IT PLANS TO SET UP JV WORTH 150 MILLION YUAN ($22.01 million) WITH ALIBABA'S TOURISM AFFILIATE
* SAYS IT SIGNS STRATEGIC COOPERATION FRAMEWORK AGREEMENT WITH ALIBABA'S TOURISM AFFILIATE ON BUSINESS DEVELOPMENT
* SAYS CONTROLLING SHAREHOLDER SIGNS AGREEMENT TO SELL 5% STAKE IN THE COMPANY TO ALIBABA'S AFFILIATE FOR 384.7 MILLION YUAN
* SAYS NO CHANGE IN COMPANY'S OWNERSHIP AFTER THE TRANSACTION
Source text in Chinese: Further company coverage:
($1 = 6.8166 Chinese yuan renminbi)
(Reporting by Hong Kong newsroom)
((twinnie.siu@tr.com; 852-3462 7715;)
* SAYS IT PLANS TO SET UP JV WORTH 150 MILLION YUAN ($22.01 million) WITH ALIBABA'S TOURISM AFFILIATE
* SAYS IT SIGNS STRATEGIC COOPERATION FRAMEWORK AGREEMENT WITH ALIBABA'S TOURISM AFFILIATE ON BUSINESS DEVELOPMENT
* SAYS CONTROLLING SHAREHOLDER SIGNS AGREEMENT TO SELL 5% STAKE IN THE COMPANY TO ALIBABA'S AFFILIATE FOR 384.7 MILLION YUAN
* SAYS NO CHANGE IN COMPANY'S OWNERSHIP AFTER THE TRANSACTION
Source text in Chinese: Further company coverage:
($1 = 6.8166 Chinese yuan renminbi)
(Reporting by Hong Kong newsroom)
((twinnie.siu@tr.com; 852-3462 7715;)