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Published Fri, Jul 17, 2020 · 09:50 PM
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Raffles Education

RAFFLES Education is set to take control of Langfang Hezhong Real Estate Development Co, after its subsidiary entered into a sale-and-purchase agreement to raise its stake by 35.9 per cent for some 254 million yuan (S$49.2 million) in cash.

The vacant land that had previously been injected into the target company will be used for education facilities, instead of being developed …

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