PAG arm to buy Chinese property developer Seazen's Changzhou Hengxuan for $187m

PAG arm to buy Chinese property developer Seazen's Changzhou Hengxuan for $187m

Chinese Yuan notes. Photo: Reuters

Seazen Group said on Tuesday Asian investment firm PAG’s subsidiary had agreed to buy the Chinese property developer’s business, which controls Shanghai Xingyi Cinema Management, for 1.37 billion yuan. ($187.45 million)

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