In China, acquisition of 5i5j.com still up in the air
03 May 2017
Several weeks ago we reported on the acquisition by Kunming Sinobright Group of the real estate site Aiwu Jiwu (registered as Beijing 5i5j Real Estate Brokerage), for approximately 6.2 billion RMB ($899 million U.S.). It has now been reported that the deal is under close scrutiny from the China Securities Regulatory Commission (CRSC). Industry insiders reckon the deal might be shaking.