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Blackstone buys 40% stake in China mall giant SCP

US asset manager eyes Chinese retail potential with Shenzhen-based SCP

[HONG KONG] Blackstone Group LP, the world's biggest manager of alternative assets including private equity and real estate, agreed to buy a 40 per cent stake in Chinese shopping mall developer and operator SCP Co.

ICBC International Holdings, a Hong Kong unit of China's largest bank,...

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