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Aggregated China Business Blogs
Tencent Boosts Stake In China South City To 11.55%
Aggregated Source: China Money Network
Chinese Internet giant Tencent Holdings Ltd. plans to pay HK$822.5 million (US$106.1 million) to increase its take in Hong Kong-listed Chinese logistics center developer China South City Holdings Ltd. to 11.55% from 9.9%, according to a company announcement. Tencent will exercise an option on or before September 30 to purchase 244.8 million additional shares for […]

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