Metro Holdings buys 35% of JV that's acquiring Shanghai mixed-use building
The JV company, Shanghai Yi Zhou Property Management Co Ltd, has already acquired 90% of the building, and will buy the remainder by 2020
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Singapore
METRO Holdings Limited has acquired a 35 per cent stake in a joint venture that is investing into Shanghai Plaza, a mixed-use building in Shanghai worth 2.9 billion yuan (S$613 million).
The joint venture company, Shanghai Yi Zhou Property Management Co Ltd, has on the same day on Thursday, acquired a 90 per cent stake of the building, with the intention to acquire the remaining 10 per cent by 2020.
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