Desun Real Estate to Form JV Focused on Distressed Assets

MT Newswires Live

08/06

Desun Real Estate Investment Services Group (HKG:2270) agreed to form a joint venture with Guangzhou Fanghua Real Estate Management focused on distressed assets, according to a Tuesday Hong Kong bourse filing.

Shares of the property firm fell over 2% in recent Wednesday trade.

The JV will be 65%-owned by Desun Real Estate and 35% by Guangzhou Fanghua.

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