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2007-5-14 11:44:00 a.m. HKT, XFNA
Hong Kong-listed National Electronics buys 2 properties for 145 mln hkd
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HONG KONG (XFN-ASIA) - National Electronics Holdings Ltd said it has
entered into two separate agreements for the purchase of a luxury housing
unit and a commercial property, both located on the Hong Kong Island, for a
total consideration of 145 mln hkd.
It said the housing unit will be kept for investments while the
commercial property may either be redeveloped or resold for a profit.
(1 usd = 7.8 hkd)
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