Wilmar International said a unit signed an agreement with Kerry Properties (China) and Shangri-La China to set up joint ventures to develop properties in China’s Liaoning province. The unit’s investment in the venture will be about 889.2 million yuan ($176 million), based on a maximum total investment by the venture of 2.57 billion yuan.
Tuesday, December 21, 2010
Wilmar forms venture with Kerry Properties, Shangri-La China
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