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Announced

Completed

Ke Liming completed the acquisition of HengTen Networks from Evergrande for $570m.

Synopsis

Ke Liming, a private investor, completed the acquisition of HengTen Networks, aholding company principally engaged in the manufacturing and sale of accessories, from Evergrande, an integrated residential property developer, for $570m. Evergrande Group sold stakes in its internet unit to ease funding pressure.

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