Oct. 5, 2009 (China Knowledge) - CITIC Real Estate, which belongs to CITIC Group, is selling a property subsidiary based in Beijing and an RMB 1-billion debt for a total of RMB 1.31 billion, according to the China Beijing Equity Exchange.
In 2008, the Beijing subsidiary suffered RMB 2.53 million in operating loss and RMB 190 million in net loss. The company also posted an RMB 1.05-million operati
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