Changjiang Fertilizer invests in 2 S'pore property firms; selling China assets
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Singapore
CHANGJIANG Fertilizer Holdings is looking to acquire WBH Investments and Cowealth Investments while disposing of its assets in China to transform itself into a real estate developer and investor.
The completion of the WBH acquisition and Cowealth acquisition are to be concurrent and inter-conditional upon the completion of each other, said Changjiang Fertilizer on Tuesday. The proposed acquisitions will constitute a "very substantial acquisition" or a "reverse takeover" and will be subject to the approval of shareholders.
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