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Zhuhai Huafa Selling Marriott-Branded Hotel to Bolster Liquidity
Source: Bloomberg
M&A & RestructuringBanking & LiquidityCompany Fundamentals
Zhuhai Huafa Group, a local government-owned conglomerate, told some creditors this week it is selling a Marriott-branded hotel to Zhuhai Gree Group. People familiar with the matter said the sale is intended to boost Huafa's liquidity; no price or completion timeline was reported.
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