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China Overseas Land in 31b yuan deal to buy Citic's property assets
Move will help the state-owned property developer secure land amid rising prices
Published Mon, Mar 14, 2016 · 09:50 PM
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Hong Kong
CHINA Overseas Land & Investment (COLI) is buying the residential real estate business of conglomerate Citic for 31 billion yuan (S$6.6 billion) as the state-owned property developer moves to secure land amid their rising prices.
COLI is paying for t…
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