BRIEF-Ground International Development says unit entered into MOU with Changchun Ouya
March 31 Ground International Development Ltd:
* Ground international Group, a unit, entered into non-legally binding memorandum of understanding with changchun ouya shenlongwan tourism ltd
* GIGL proposed to inject cash of rmb200 million into target company
* Upon completion of proposed capital injection, co is expected to be interested in 25% equity interest in target co
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