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BtoB

Global Sources adds office space in China

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Hong Kong—Continuing its big bet on China’s economic future, Global Sources Ltd. announced Tuesday that it has purchased new office space in Shenzhen, Guangdong Province. The company spent $19 million to purchase 9,000 square meters on four floors in the Shenzhen International Chamber of Commerce Tower. Global Sources also secured a loan for $11.4 million from the Bank of East Asia to finance the transaction.

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