--FILE--Chinese migrant workers labor at the construction site of the residential property project "Majestic Mansion Jade Garden" developed by Kaisa G
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Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W8C5BKFile size:
17.1 MB (821.5 KB Compressed download)Releases:
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3000 x 1990 px | 25.4 x 16.8 cm | 10 x 6.6 inches | 300dpiDate taken:
16 January 2015Photographer:
ImaginechinaMore information:
--FILE--Chinese migrant workers labor at the construction site of the residential property project "Majestic Mansion Jade Garden" developed by Kaisa Group in Hangzhou city, east China's Zhejiang province, 16 January 2015. Sunac China Holdings, has agreed to buy a 49.3 percent stake in troubled Chinese property developer Kaisa Group, a report in the financial news magazine Caixin said on Friday (30 January 2015), citing an unidentified senior company executive. The report emerged even as Sunac announced a share trading suspension pending the release of an "announcement containing inside information in relation to the company." The Caixin report said the firm would buy the stake from the Kwok brothers, who formally controlled the developer, and that the two sides had recently signed an agreement. It did not give a dollar value for the deal. Earlier this week, financial news website Tencent Finance reported that Sunac, which last month terminated a deal to acquire a majority stake in developer Greentown China Holdings, was in talks to buy part of Kaisa.