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Shanghai Jin Jiang International Hotels Development to buy 12 pct stake in controlling unit Keystone


Monday, 23 Oct 2017 

Oct 23 (Reuters) - Shanghai Jin Jiang International Hotels Development Co Ltd <600754.SS> ::Says it plans to buy 12.0001 percent stake in controlling subsidiary Keystone Lodging Holdings Limited from Prototal Enterprises Limited.Transaction price is 1.20 billion yuan .Its stake in target company will be raised to 93.0035 percent from 81.0034 percent after transaction . 

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