Blackstone buys 49% stake in China Franshion unit
The Blackstone Group has bought a 49% stake in Enhanced Experience, a wholly-owned subsidiary of Hong Kong-listed Franshion Properties, for $128 million.
The new capital will be used to develop a mixed-use commercial real estate project in China, which is owned by Enhanced Experience, according to a regulatory filing. Franshion holds the remaining shares...
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