Changjiang Fertilizer has entered into a sale and purchase agreement with CTE Resources to acquire a 50% stake in developer Chiu Teng 8 (CT8) for about $9.7 million. If successfully completed, the acquisition will constitute a Reverse Takeover or RTO of Changjiang Fertilizer. CT8 is the developer of light industrial freehold development Tagore 8 which was completed in last September. Trading of Changjiang shares are currently suspended.
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