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Dec. 29, 2011, 8:50 AMSoho China (SOHOF.PK) agrees to purchase 50% of a Shanghai commercial site from Greentown China (GTWCF.PK) and Shanghai Zendai for $632B - a deal which illustrates the need for cash-strapped Chinese property developers to unload assets at disappointing prices to stronger hands. Off 61% YTD, Greentown has had to fend of recent bankruptcy rumors. | 1 Comment
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