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News Breaks | | | | April 25, 2012 | | 07:35 EDT |  | SMFG | Sumitomo Mitsui to buy 24% stake in China Post & Capital, Reuters reports
Sumitomo Mitsui Financial Group (SMFG) will pay an estimated $123M to purchase a 24% stake in Chinese asset management firm China Post & Capital Fund Management from its third and smallest shareholder, Beijing Changan Group, reports Reuters. Reference Link | |
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