Temasek to invest RMB2 billion in China IT real estate project
Temasek Holdings is to inject RMB2 billion ($295 million) into a real estate project in Guangzhou in southern China, through its subsidiary Singbridge International, in partnership with Guangzhou municipal government and with an investment ratio of 50:50.
The joint project, named "Knowledge City,” will be in the suburbs of Guangzhou. Originally China’s counterparty on the project was Keppel Group in Singapore when the deal was inked in 2009. Last September,...
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