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Straits Trading unit to buy Chongqing development

Published Tue, Dec 16, 2014 · 09:50 PM

Singapore

A SUBSIDIARY of The Straits Trading Company is proposing to acquire a retail development known as Times Midtown in Chongqing, China, for about 668.4 million yuan (S$141.65 million).

Straits Real Estate (SRE), through its wholly-owned subsidiary Chongqing Xinchuang Mall Management, on Tuesday entered into nine conditional sale and purchase agreements with Chongqing BBMG Dacheng Shanshui Properties to acquire the property.

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