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Property investment

The China Vanke headquarters in Shenzhen, in south China's Guangdong province. Photo: Reuters

China Vanke leads US$1.29b acquisition of 20 malls in China

China Vanke, one of China’s largest developers, its commercial property unit SCPG Commercial Real Estate and private equity company Hopu Investment Management have teamed up to acquire 20 shopping malls across China from Singapore’s CapitaLand.