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Jinjiang International buys 81% of Keystone Lodging

Hotel operator will fund acquisition with cash and loans


JINJIANG International Hotels Development Co bought a controlling stake in the owner of 7 Days Group Holdings Ltd, two years after the economy hotel chain was delisted in New York.

Jinjiang International will pay 8.3 billion yuan (S$1.8 billion) for 81 per cent of Keystone...

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