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Digital China to Invest JPY 5b in Developer
Beijing-based IT solutions provider Digital China Holdings (0861.HK) is in talks with Japanese system developer SJI to invest JPY 5 billion ($56 million), Caihuanet.com reported citing Japanese publication Nikkei.
The report said that Digital China Holdings plans to purchase SJI stock in the form of a private placement or warrants, and that it is likely to gain as much as 40% of the company. The market value of SJI is around $150 million, the report said.
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