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The deal will be paid through Zhonghong's overseas subsidiary Neo Dynasty in cash, according to the announcement. A&K's original owners include U.S.-based hedge fund manager Fortress Investment Group. Founded more than 50 years ago, A&K has become a major player in luxury tourism, providing high-end expeditions in more than 100 countries. Zhonghong develops and operates leisure and vacation real estate, primarily in Beijing and Hainan Province. |
