Hopson Will Buy Office Project in Beijing for 6.88 Billion Yuan

Hopson Development Holdings Ltd. agreed to pay 6.88 billion yuan for project company that’s building 38 loft-style office buildings in a Beijing industrial park, the company said in a Hong Kong stock exchange filing.

The company will pay 2.31 billion yuan in cash and issue new shares for the balance of the consideration, according to today’s statement.

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