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Shanghai Nine Dragon Co Ltd & Zhejiang Jiulongshan International Tourism Development Co	Update Date: 09/18/08
Date Announced: 08/14/08
Value (million $USD): 31.8 million U.S. Dollar 218.0 million Chinese Yuan

Status: Pending

TRANSACTION DETAILS
Date Announced	08/14/08
Date Originally Announced	08/14/08
Format	Acq. Part. Int.	Acquisition techniques	Privately Negotiated Purc
Attitude	Neutral	Agency	China Sec. Regulatory Comm.
Value	31.8 million U.S. Dollar 218.0 million Chinese Yuan	Advisor Fees	n/a

SYNOPSIS

CHINA - Zhejiang Jiulongshan International Tourism Development Co Ltd, a wholly-owned unit of Hong Kong Peninsula Investment Co Ltds wholly-owned Ocean Garden Holdings Ltd subsidiary, agreed to acquire a 15.25% stake, or 66.254 mil ordinary shares, in Shanghai Nine Dragon Co Ltd, a real estate development firm, from Japan Songgang Co Ltd, for 3.29 Chinese yuan ($0.48 US), or a total value of 217.976 mil yuan ($31.807 mil), in a privately negotiated transaction. The transaction was subject to regulatory approval.

TARGET
Name	Shanghai Nine Dragon Co Ltd (Shanghai : 600555)
Industries	Commercial printing, nec; Paper mills
City	Shanghai
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Public
Business Description	Shanghai Nine Dragon Co Ltd is a real estate development firm, headquartered in China. The company also engages in printing services and paper manufacturing. The company was founded in 1999.
Advisors	NULL
Target Sales	86.5 million U.S. Dollar 605.8 million Chinese Yuan

ACQUIROR
Name	Zhejiang Jiulongshan International Tourism Development Co
Industries	n/a
City	Shanghai
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Zhejiang Jiulongshan International Tourism Development Co Ltd is a travel agency. The company is headquartered in China.
Advisors	NULL
Acquiror Sales	n/a

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