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Shanghai Jin Jiang International Hotels Development Co Ltd Signs LOI for Equity Acquisition


Thursday, 25 Apr 2013 08:00pm EDT 

Shanghai Jin Jiang International Hotels Development Co Ltd announced that it has signed a letter of intent with a Tianjin-based equity investment limited partnership enterprise and China Wallink, to acquire a 99% and a 1% stake in a Beijing-based hotel management company from the two companies, for RMB 710 million.