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Investors - SEPTEMBER 14, 2020

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GIC, CIFI forms $1b Chinese residential property JV

by Andrea Zander

Chinese property development and investment firm CIFI Holdings has entered into an agreement with Singapore’s sovereign wealth fund GIC to launch a $1.03 billion investment platform for residential projects in eastern China’s Yangtze River Delta, reported DealStreetAsia.

CIFI Holdings will hold a 51-percent stake while GIC will hold the remaining 49 percent in the investment platform.

 

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