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Saturday, October 23, 2010

Sunway in China deal

SUNWAY Holdings Bhd signed a me- morandum of understanding with Shanghai Zhushengyuan Real Estate Co Ltd (SZRE) to bid and work on projects together in China, starting with a mixed-development project in Changsha.

They will evaluate the feasibility of the proposed development and will jointly bid, invest, construct and develop the land.

SZRE is a property developer with a registered capital of RMB131 million.

By Business Times

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