Property group SingHaiyi Group says it is buying a 65% stake in a major shopping mall in Cincinnati, Ohio in the US.
The Tri-County Mall is a two-storey building with gross retail space of 1.26 million sq ft.
SingHaiyi is buying the stake from American Pacific International Capital (APIC), a private investment firm owned by the controlling shareholders of SingHaiyi.
SingHaiyi will transfer US$29.3 million to APIC as a deposit for the stake.
Monday, September 9, 2013
SingHaiyi to buy major stake in Ohio mall
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