Property developer Banyan Tree seeks more PE funding
Singapore-based luxury-resort developer Banyan Tree Holdings is looking to raise more funds from private equity as it pushes ahead with plans to build high-end homes in second- and third-tier cities in China.
Ho Kwon Ping, CEO of Banyan Tree, told Dow Jones Newswires that China remains a key driver in terms of hotels and branded property sales, given rising incomes and growing demand for domestic and international...
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