HK-listed Enerchina to invest in real estate.
May. 28, 2012 (China Knowledge) - Enerchina Holdings Ltd<0622>, a clean energy and public utility developer, has announced plans to acquire hotel assets in Shanghai and a controlling stake in a plot of land in Zheijing Province for a combined HK$2.55 billion or US$328.5 million, to set foot in mainland China's real estate market. In a statement filed with the Hong Kong Stock Exchange, the company said it will buy the target assets from property developer Wu Laam Anne, in exchange for HK$1.35...
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