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CDL to invest 100m yuan in China online apartment rental site mamahome

Tuesday, September 6, 2016 - 05:50

12_39748148.1 (39748273) - 05_09_2016 - lmxcdl6.jpg
HOTEL owners are buying stakes in the very disruptor of their own businesses. City Developments (CDL) on Monday said that its wholly owned subsidiary CDL China will invest 100 million yuan (S$20.4 million) for a 20 per cent stake in mamahome, a fast-growing Chinese online apartment rental platform.

Singapore

HOTEL owners are buying stakes in the very disruptor of their own businesses. City Developments (CDL) on Monday said that its wholly owned subsidiary CDL China will invest 100 million yuan (S$20.4 million) for a 20 per cent stake in mamahome, a fast-growing Chinese online

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