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.
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