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Oceanwide Real Estate Group Co Ltd's subsidiary to raise funds


Tuesday, 18 Feb 2014 07:00pm EST 

Oceanwide Real Estate Group Co Ltd:Says its wholly owned Hong Kong-based subsidiary Oceanwide Real Estate Group (Hong Kong) Company Limited (Oceanwide (Hong Kong)) will raise funds of $300 mln through its wholly owned subsidiary Oceanwide Real Estate International Investment Company Limited (Oceanwide International Investment).Says Oceanwide (Hong Kong) will raise another $420 mln through Oceanwide International Investment or other subsidiaries.Says the proceeds to be used for investment in Fig Central project in Los Angeles, the United States.Says the company will provide guarantee for the $720 mln loan. 

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30 Apr 2015