China’s Cindat Capital looks to acquire UK’s QHotels Group in $660m deal

A woman stands on an overhead bridge near the construction site of "Kaisa Plaza", then named "Changan No. 8" (L), on a hazy day in Beijing's central business district in this July 28, 2012 file picture. REUTERS/Jason Lee/Files

China’s Cindat Capital Management is joining an acquisition of QHotels Group valuing the U.K. hospitality company at more than 500 million pounds ($660 million), people with knowledge of the matter said.

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