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Aggregated China Business Blogs
Actis Exits Chinese Hotel Group Via Shanghai JinJiang Hotel Deal
Aggregated Source: China Money Network
London-headquartered Actis has sold its minority stake in Plateno Hotel Group, formerly 7 Days Group, to Shanghai JinJiang International Hotels Development Co., Ltd., according to a company announcement. JinJiang Hotels has acquired an 81% stake in Plateno at an enterprise value exceeding RMB10 billion (US$1.53 billion) in a transaction including other undisclosed selling shareholders. Following […]

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