Chinese investors acquired UK prime minister's local pub for $2.5 million

Chinese investment firm SinoFortone Group has acquired The Plough at Cadsden, a famous pub near UK leader's countryside residence, for around $2.5 million.

The Plough at Cadsden hit the headlines late last year when David Cameron took China's President Xi Jinping there for a visit. As SinaBeat reported back in 2015, SinoFortone, which is a Joint Venture between Chinese firms Sinolinks Group and Fortone Group, has plans to invest around $328 million in UK tourism sector with Dr. Peter Zhang as managing director.

Sino Links Group is listed in the Chinese Private Equity and Venture Capital Directory with the code CAU67

More details follows