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SCMP Reporter

DC Finance (Holdings) has cancelled the purchase of a finance subsidiary and a property company from New China Hong Kong Group. DC Finance also ended the disposal of a 34.8 per cent interest in the company by controlling shareholder Irison Development. It said certain conditions had not been fulfilled by the March 31 deadline. The company said a cash deposit of $150 million for the signing of the agreements will be refunded.



DC Finance deals terminated