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Forefront (0885) buys Guangzhou property from subsidiary of Willie (273) for HK$100m in shares
Company announcement, 24-Mar-2010
Willie will have 20.42% of Forefront, "to path the way for developing a strategic alliance with Willie". Forefront says property would produce a "regular rental income" and is an "opportunity to participate in the fast-growing PRC property market and realize capital gain...". Reveals Willie owns 4.13% of Forefront. See also the Willie announcement.
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