Thursday, July 19, 2012

Raffles Education's Hebei unit sells land plot for $32m

Raffles Education Corporation said subsidiary Hebei Oriental Zhuyun Property Development Co. has agreed to sell a plot of land located in Langfang Development Zone, Hebei Province, China, with an area of 118 mu to Langfang Tianying Trading & Commercial Co. for RMB159.3 million ($31.8 million).

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