Shanghai Jiushi to acquire the share of Shanghai Shimao Real Estate Development from Shimao Group for $167m.

Synopsis

Shanghai Jiushi, a Chinese state-owned enterprise, agreed to acquire the share of Shanghai Shimao Real Estate Development from Shimao Group, a Chinese real estate company, for $167m.

Principals

target

Shimao Group (shanghai Shimao Real Estate Development Share)

bidder

Shanghai Jiushi

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Market Context

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Bidder Team (2)

long zhu zhi

CFO at SHANGHAI JIUSHI

Manager

bidder

Deal

£ 123 M

Total Value

jian cao yi

General Manager at SHANGHAI JIUSHI

Manager

bidder

Deal

£ 123 M

Total Value

Vendor Team (1)

wing mau hui

Chairman and Executive Director at SHIMAO PROPERTY

Manager

vendor

Deal

£ 123 M

Total Value

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