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Fosun sells tower as China cracks down on outbound deals
Published Mon, Dec 18, 2017 · 09:50 PM
Shanghai
CHINESE conglomerate Fosun Group, the aggressive dealmaker facing government scrutiny over its overseas acquisitions, has sold out of its first Sydney property investment.
A Fosun Property partnership sold an office tower for A$150 million (S$155 million) to a joint venture involving Australia's Propertylink Group, according to a Propertylink statement on Monday. The purchase price in 2015 was A$116.5 million.
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