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Soho China To Purchase Shanghai Commercial Site For $632M

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Soho China Ltd (OTC: SOHOF) announced its plans to buy a Shanghai commercial site from subsidiaries of Greentown China Holdings Ltd. and Shanghai Zendai Property Ltd for CNY4 billion ($632 million).

In a separate statement, Soho China said that it will pay CNY2.96 billion to Shanghai Zendai Ltd and CNY1.04 billion to Greentown China Holdings Ltd for the jointly owned plot.

 

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Posted-In: Shanghai Commercial SiteNews