Corrected: Vanke unit Onewo to buy remaining stake in Shanghai Xiangda for $120 million
31/03/2025 14:17
Corrects paragraph 2 to say Onewo currently has a 45% stake in Xiangda, not 55% March 31 (Reuters) - Chinese property developer Vanke's 000002.SZ residential property management unit Onewo 2602.HK said on Monday it will take full ownership of real estate development firm Shanghai Xiangda for 870.3 million yuan ($119.99 million). Onewo currently has a 45% stake in Xiangda. ($1 = 7.2530 Chinese yuan renminbi) (Reporting by Nichiket Sunil in Bengaluru; Editing by Vijay Kishore) ((Nichiket.Sunil@thomsonreuters.com))