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Hong Kongs Wang On Group disposes of notes in indebted developer China South City, warns of US$4.2 million annual loss : vimarsana.com
Hong Kong's Wang On Group disposes of notes in indebted developer China South City, warns of US$4.2 million annual loss
The Hong Kong-based builder sold down its holding in junk-rated notes of China South City for about US$3.8 million, as its investment in troubled Chinese developers backfired.
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