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China Vanke to Sell Shares in Banyan Tree Units for $67 Million

China Vanke to Sell Shares in Banyan Tree Units for $67 Million
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China Vanke to sell shares in Singapore hotel chain Banyan Tree's mainland units for US$67 million

Vanke is selling its stake in the hotel management joint ventures including Banyan Tree Services (China) and Banyan Tree Hotel Management (China) as it seeks to weather the country’s property downturn. ....

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