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China Resources Enterprise

CRE buys godowns from parent

PUBLISHED : Tuesday, 23 December, 1997, 12:00am
UPDATED : Tuesday, 23 December, 1997, 12:00am

Red chip China Resources Enterprise (CRE) will pay its ultimate parent $205 million for two godowns in Yau Tong, Kowloon. CRE's 80 per cent subsidiary agreed with parent China Resources (Holdings) to pay $22.48 million in cash and $182.52 million in a shareholder's loan.


 

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