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Xiamen Tungsten Signs Deal to Sell Haixia International Community Project Properties for 192 Million Yuan

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Xiamen Tungsten (SHA:600549) agreed to sell the remaining properties of the Haixia International Community Project to a consortium for 192 million yuan, according to a Shanghai bourse filing on Wednesday.

The consortium consists of Jinzhe Qingxi (Xiamen) Enterprise Management, Jinzhe Tonghui (Xiamen) Enterprise Management, Jinzhe Ruihui (Xiamen) Enterprise Management, Jinzhe Yingzhe (Xiamen) Enterprise Management, Jinzhe Xilin (Xiamen) Enterprise Management and Jinzhe Xilin (Xiamen) Enterprise Management.

The properties for transfer include a number of commercial properties and two kindergartens.

The Chinese tungsten materials supplier's shares rose 2% during the midday trade.

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