BRIEF-Shimao Property Says Announces Capital Increase In Shimao New Miles
April 3 (Reuters) - Shimao Property Holdings Ltd:
* SHANGHAI SHIMAO, SHIMAO JIANSHE & SHIMAO NEW MILES TO INCREASE REGISTERED CAPITAL OF SHIMAO NEW MILES FROM RMB1.87 BILLION TO RMB16 BILLION
* UPON COMPLETION OF CAPITAL INCREASE, GROUP'S STAKE IN SHIMAO NEW MILES WILL BE REDUCED TO 70%
* SHANGHAI LONGTING ENTERPRISE MANAGEMENT CENTER TO CONTRIBUTE RMB4.94 BILLION TO SUBSCRIBE FOR 30% OF ENLARGED STAKE OF SHIMAO NEW MILES Source text for Eikon: Further company coverage: