Property developer Tong Jinquan disposes 127 million units of IREIT Global

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Chinese real estate developer Tong Jinquan has disposed off 127 million units of Singapore-listed IREIT Global via companies that he controls.

The companies are namely Shanghai Summit, and Goodness Investments Limited.

Units of the REIT were disposed by these companies via share purchase agreements, and an open market transaction.

Related: CDL acquires stakes in IREIT Global and its manager

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