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| Tuesday, December 02, 2008 00:26:43 |
Shanghai Nine Dragon consolidates tourism business
Conglomerate Shanghai Nine Dragon Co (600555.SH) said Thursday it will sell stakes in two businesses and buy a stake in another to strengthen its tourism business, the Shanghai Securities News reported. It plans to sell its 75% stake in Zhejiang Nine Dragon International Golf Club (ZNDIGC) to Pinghu Nine Dragon Yacht Club (PNDYC) for US$5.5 million (RMB37.5 million) and its 50% stake in ...
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