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HongKong Chinese inks exclusivity agreement with Cosenza Investments

Hongkong Chinese Ltd. and subsidiary Norfyork International Ltd. entered into an exclusivity agreement with Cosenza Investments Ltd. for negotiations related to the sale of a majority stake in Lippo Securities Holdings Ltd.

Lippo Securities Holdings Ltd. is a wholly owned subsidiary of Norfyork International. Exclusivity rights have been granted to Cosenza Investments for an 18-month period for a consideration of HK$130 million. according to a Jan. 25 release.