Keppel Land China acquires commercial property assets for $69m

Shanghai, China. Photo by Ihor Dvoretskyi on Unsplash

Keppel Land China Limited, the subsidiary of Singapore Exchange Mainboard-listed Keppel Corporation, has fully acquired the equity interests of several wholly-owned subsidiaries of The9 Information Technology Co. Ltd. (The9) in China for 493 million yuan ($69.14 million).

The acquisition comes close on the heels of its purchase of a Guangzhou mixed development for $18.04 million earlier this week.

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