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17 — New World Development News Story

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Blackstone to become New World Development's largest shareholder, Bloomberg reports

Jan 29 (Reuters) - Private equity giant Blackstone Inc BX.N is close to securing a deal that would make it the largest shareholder of Hong Kong's New World Development, Bloomberg News reported on Thursday.

The property developer declined to comment to a Reuters' request.

 (Reporting by Rajasik Mukherjee; Editing by Tasim Zahid)

 ((Rajasik.Mukherjee@thomsonreuters.com;))

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