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Forefront (0885) sells Guangzhou property to Au Yeung Kai Chor for HK$85m
Company announcement, 26-May-2010
This was acquired by Forefront from Willie (0273) 2 months ago for $100m in shares, but by the time they completed the deal on 19-May, the shares were only worth $60m. A week later, they are selling it, so they book a $25m gain rather than a $15m loss.
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