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China's Evergrande Group Buys Publisher

China's Evergrande Group Buys Publisher

Wall Street Journal 16/11 09:24

Chinese property developer Evergrande Real Estate Group plans to invest around HK$950 million ($122.5 million) for a controlling stake in a Hong Kong-based magazine publisher, New Media Group?its latest foray in a new business line as the firm looks to diversify to cushion the risks from a weakened property market.

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