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Fung Group May Purchase Toysrus 85% Asian Stock Equity With Valuation Of At Least $1 Billion

Mar 08, 2018

A large American toy retailer toysrus filed for bankruptcy last year, Britain's business losses year after year, yesterday it was officially taken over failed in selling. Moorfields, the head of the financial consultancy, says it will gradually close its branches and continue to look for buyers, and about 3000 employees face a crisis of layoffs.

In addition, Fung Group or buy toysrus Asia's remaining 85% stake, the valuation of at least $1 billion. The group currently holds a 15% stake in toysrus asia.

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