BRIEF-Tsinghua Tongfang's unit Technovator signs deal to sell stake in Distech Controls

Mon Mar 23, 2015 4:03am EDT
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March 23 (Reuters) - Tsinghua Tongfang Co Ltd

* Says subsidiary technovator signs agreement to sell its stake in Distech Controls to Acuity Brands for a gain of about 592 million yuan ($95.32 million)

Source text in Chinese:

Further company coverage: ($1 = 6.2105 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)