China Vanke Co plans to buy a 50 percent stake in Shanghai Dijie
Real Estate Co for about 2.4 billion yuan (US$320 million), the
Oriental Morning Post reported, without saying where it got
the information.
The acquisition will add about 1.1 million square meters of
residential and commercial projects in Shanghai's Pudong New Area,
the Shanghai-based newspaper said.
(Shanghai Daily October 10, 2007)
