Top Biz News
SOHO China seeks M&As
By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2010-01-25 14:52
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Cash-rich commercial property developer SOHO China will continue to seek merger and acquisition (M&A) opportunities in Beijing and Shanghai this year to expand its business, Chairman Pan Shiyi said.
"We will acquire existing commercial properties from institutional investors and offer custom-tailored marketing and leasing services to make them more profitable," Pan said.
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In 2009, SOHO made four acquisitions with a total consideration of approximately 10.6 billion yuan, adding commercial land banks totaling 740,000 sq m in Beijing and Shanghai city centers.
