Announced
Synopsis
PAG, an alternative investment firm, agreed to acquire Changzhou Hengxuan, a Chinese property developer, from Seazen Group, a real estate development company, for $187m. "The property developer may use proceeds from the deal primarily for loan and debt repayment. Changzhou Hengxuan and Shanghai Xingyi altogether manage 144 cinemas in China," Seazen Group.
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