CENTURY21 CHINA REAL ESTATE JOINS HANDS WITH GOLDMAN SACHS
AsiaInfo Services, January, 2006
AsiaInfo Services 01-18-2006 Century21 China Real Estate Joins Hands with Goldman Sachs SHANGHAI, Jan 18, 2006 (SinoCast via COMTEX) -- Goldman Sachs Strategic Investments (Asia) LLC, a wholly-owned subsidiary of Goldman Sachs Group, has invested USD 22 million in Century21 China Real Estate (CCRE), the sole owner and operator of the Century21 brand, one of the world's most recognized real estate brands, in mainland China. For the real purpose of the cooperation, Wang Hao, general manager of CCRE's Shanghai operation expressed the company will make all efforts in real estate finance and investment businesses with the platform of Goldman Sachs, instead of agency expansion as it had done before. Wang also denied the rumors saying that CCRE would change its operating...
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