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Jinjiang Takes Control Of PE-Backed Hotel Co. For $1.3B

By Jeff Zalesin (September 18, 2015, 8:50 PM EDT) -- Shanghai Jinjiang International Hotels Development Co. Ltd. on Friday said that it will buy a majority stake in Keystone Lodging Holdings Ltd. — the parent of the private equity-backed company behind the delisting of Chinese hotel chain 7 Days Group Holdings Ltd. — in a $1.3 billion deal....

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