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BRIEF-Greenland Holdings' unit to sell Shanghai property firm to Shanghai Lujiazui's unit
December 19, 2016 / 2:04 AM / 10 months ago

BRIEF-Greenland Holdings' unit to sell Shanghai property firm to Shanghai Lujiazui's unit

Dec 19 (Reuters) - Greenland Holdings Corp Ltd Shanghai Lujiazui Finance & Trade Zone Development Co Ltd

* Say Greenland Holdings’ unit to transfer 100 percent stake and debts of a Shanghai property firm to Shanghai Lujiazui Finance & Trade’s unit, to develop property project

* Say value of both transactions total 4.5 billion yuan ($648.39 million)

Source text in Chinese: bit.ly/2hKfQj3; bit.ly/2hymety

Further company coverage:

$1 = 6.9403 Chinese yuan renminbi Reporting by Hong Kong newsroom

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