InfoAnda - China Merchants Property sells assets for $236 mln

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: China Merchants Property sells assets for $236 mln Reuters - 2 hours 9 minutes ago SHANGHAI, Dec 3 - China Merchants Property Development Co <000024.SZ><200024.SZ> said on Wednesday that it had sold all the assets in a subsidiary to a Singapore fund management firm for 1.63 billion yuan . The mid-sized property developer said one of its units signed an agreement on Monday to sell all the equity in Nanjing Fucheng Real Estate Co to an arm of ARA Managers Pte Ltd, a Singapore-based fund management firm, which focuses on the property sector. Nanjing Fucheng Real Estate Co is a real estate developer, which is the owner of an office building located in Nanjing, the capital city of Jiangsu Province in eastern China. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Thai airports reopening after PM ousted by courtAP - 33 minutes ago Thai protesters prepare to leave airportAFP - 39 minutes ago 5 Filipino troops killed in communist attackAP - 1 hour 15 minutes ago Japanese climbers trapped on NZ mountainAP - 2 hours 2 minutes ago China Merchants Property sells assets for $236 mlnReuters - 2 hours 14 minutes ago Most Popular – Asia Pacific Viewed Wall Street plunges as recession becomes reality World AIDS Day highlights big challenges 20 years on Love handles increase death risk: study Saudi king says 75 dollar oil price 'fair' World's oldest person dies at 115 years View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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