Report: Franchising rights for ERA Asian-Pacific region up for sale

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Franchising rights to provide services to ERA Real Estate-affiliated brokerages in 18 Asian-Pacific countries are up for sale, and could fetch up to $160 million, the Wall Street Journal reports. Singapore-based Hersing Corp., which holds ERA franchise rights in China, Japan, Australia, Singapore and Malaysia, has lined up five potential buyers, the Journal said. Source: online.wsj.com.