2013-12-12
Blackstone To Acquire 49% Stake of Franshion Properties' Subsidiary
Hong Kong-listed Franshion Properties says the company has entered into an agreement with Blackstone Group, in which Blackstone will acquire a 49% stake in its wholly-owned subsidiary, Enhanced Experience, for about $128 million, according to a company announcement. The company says it will use the proceeds to develop a mixed-use commercial real estate project in […]
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