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Ascott forms JV with Huazhu Hotels, CJIA

Singapore

CAPITALAND'S serviced residence arm, The Ascott, is setting up a joint venture with Nasdaq-listed Huazhu Hotels Group and apartment rental firm CJIA Apartments Group to expand its Citadines brand in China.

With a market capitalisation of US$10.4 billion, Huazhu has the...

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