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China Real Estate Opportunities Limited - CREO acquires 7.21% in RREEF CCT
China Real Estate Opportunities (“CREO or the “Company”), an AIM listed property company with an established investment and development portfolio in China, today announced it has acquired 33,471,000 units (7.21%) in RREEF China Commercial Trust (“RREEF CCT”), a Hong Kong listed Real Estate Investment Trust (“REIT”), at an average price of HKD2.58 per share, through on-market purchases. This acquisition follows CREO’s recent announcement that it had entered into a call option agreement to acquire a 25.65% stake or 119,043,500 units in RREEF CCT to be exercised on 12 January 2009. |
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