Jiangsu Hongdou Industrial Sells Stake in Property Firm to Controlling Shareholder

Jiangsu Hongdou Industrial Co Ltd

* Says it sells 60 percent stake in real estate firm to controlling shareholder for 819.76 million yuan ($119.08 million)

Source text in Chinese: bit.ly/2mM1UZg

Further company coverage: ($1 = 6.8840 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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