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Cinda Real Estate Co Ltd's Subsidiary to Acquire Equity Shares


Thursday, 27 Dec 2012 07:00pm EST 

Cinda Real Estate Co Ltd announced that its wholly owned subsidiary, an Anhui-based real estate development company, will acquire a 49% stake in an Anhui-based real estate company from a Hefei-based real estate company, for RMB 68.29 million. After that, the subsidiary will hold a 100% stake in the target company.