Henan company buys German airport
3 July 2007
Pang Yuliang, an entrepreneur from Henan province, confirmed that his company, LinkGlobal, will become the first Chinese firm to take over operations of an overseas airport. Pang told the Jinghua Shibao (in Chinese) the acquisition of Parchim International Airport would take place on July 5 for US$131 million. The project had been awaiting approval by the Ministry of Commerce. Pang said the project would be an opportunity for LinkGlobal, a logistics firm, to seek global development.
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