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Zhuhai Huafa Selling Marriott-Branded Hotel to Bolster Liquidity

Bloomberg MarketsPeople's Republic of China

Zhuhai Huafa Group Co., a local government-owned conglomerate, told some creditors this week that it is selling a Marriott-branded hotel to Zhuhai Gree Group Co., according to people familiar with the matter, as it seeks to boost liquidity.

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