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Ex-China Hongxing CEO offers 100m yuan for operating units

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Published Thu, Sep 21, 2017 · 09:50 PM

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Singapore

SINGAPORE-LISTED China Hongxing Sports Limited's former chief executive has made a 100 million yuan (S$20.5 million) offer to acquire the company's operating subsidiaries.

The purchase is carried out through Jiayao Investments Limited, owned by Denis Wu Rongzhao, China Hongxing's former CEO and executive director.

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