China South City sells 70% stake in Xian projects for $717m

China South City sells 70% stake in Xian projects for $717m

Photo by Camillo Corsetti Antonini on Unsplash

Chinese logistics and commercial developer China South City Holdings Limited said it had agreed to sell a nearly 70% shareholding in a business that holds its projects in the central city of Xian to a state-owned shareholder for 5 billion yuan ($717 million).

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