Morgan Stanley Look To Chinese Tourism

July 2008 | M&A News Alert

The property arm of US investment bank Morgan Stanley has paid US$770mn for a 30% stake in a resort development in Lingshui, an up-and-coming tourist destination in China. As they look to benefit from the growing tourism boom in China's southernmost province, Morgan Stanley will be moving into a region identified as a key growth area by the Chinese Government.

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