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A Well-Known Real Estate Developer's Shanghai Headquarters Was Sold at a 40% Discount, Resulting in a 40 Billion Yuan Loss over Three Years
Summary by 大纪元 Epoch Times
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Sunshine City Group Co., Ltd. (Sunshine City) recently sold its headquarters building in Shanghai at a 40% discount. The group has lost 40 billion yuan (RMB, the same below) in the past three years. The sale of the headquarters building is mainly to repay debts.
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