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Wednesday, January 22, 2014

China's Fosun, Prudential to launch China real estate venture, (NYSE: PRU)

Fosun International Ltd and Prudential Financial Inc said on Wednesday they will launch a real estate joint venture aimed at investing in urban projects in China. The companies did not give a size of their investment in the venture, but said without elaborating that they also expect to work together on real estate projects outside of China.

Prudential Financial, Inc. (Prudential Financial) is a financial services company. Shares of PRU fell by 0.11% or $-0.1/share to $90.13. In the past year, the shares have traded as low as $53.70 and as high as $92.68. On average, 2017620 shares of PRU exchange hands on a given day and today's volume is recorded at 1676334.