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Shanghai Shenhua Holdings Co Ltd and subsidiary to sell stake in joint venture


Wednesday, 27 Nov 2013 07:00pm EST 

Shanghai Shenhua Holdings Co Ltd:Says it will sell its holding 29.4 pct stake in its Shaanxi-based joint venture, a real estate development company for 257.9810 million yuan to Chengdu-based real estate company.Says its Shanghai-based subsidiary will sell its holding 15.5 pct stake in the Shaanxi-based joint venture for 136.01 million yuan to the Chengdu-based company.Says the company will hold no stake, and the subsidiary will hold 44.5 pct stake in the joint venture after the selling.