Changjiang Fertilizer invests in 2 S'pore property firms; selling China assets

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 subst…