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