World News: 04:55 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
A transaction of that size would rank among the biggest commercial property deals in China. China Overseas Land & Investment Ltd.’s 31-billion-yuan purchase of Citic Ltd.’s property assets in 2016 as part of a government-backed restructuring holds the record. CK Hutchison Holdings Ltd., the Hong Kong-based conglomerate founded by billionaire Li Ka-shing that has a stake in CK Asset, has sold a string of real estate assets in mainland China in recent years, reaping profits from a surge in land prices and property values.
Read More: https://finance.yahoo.com/news/ck-asset-considers-3-billion-100042886.html
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.