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China Overseas Land’s Kong plans $500 mln real-estate fund

Posted on 07 March 2011

From Bloomberg: China Overseas Land & Investment Ltd., the Hong Kong-listed developer controlled by the nation’s construction ministry, plans to set up a real-estate fund of $300 million to $500 million as it bets that government measures won’t curb property demand.
The fund, which will invest in commercial and residential properties in China, may be ready in the first half, Chairman Kong Qingping said in an interview in Beijing……………………………………….Full Article: Source

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