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Indebted Evergrande looks to sell Hong Kong headquarters again

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The 26-storey building is currently valued at S$1.58 billion 💰

CK Asset Holdings, founded by Hong Kong billionaire Li Ka-shing, said it had submitted a tender for the 26-storey building, which is currently valued at HK$9 billion according to Hong Kong media.

In 2015, when it acquired the headquarters for $1.61 billion, the deal set a record for the single largest transaction for an office building in Hong Kong, as well as the price per square foot, according to the South China Morning Post. In a further sign of turmoil, Evergrande last week ousted its CEO and CFO after an internal investigation into why banks seized over $2 billion from the firm's property services arm.

 

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China developer Evergrande gets bid for Hong Kong HQ from CK AssetHONG KONG : CK Asset Holdings, founded by billionaire Li Ka-shing, said on Thursday it has submitted a bid for the Hong Kong headquarters of embattled Chinese developer Evergrande Group. Evergrande recently assigned real estate services group Cushman & Wakefield as the sole agent to sell the 345,000 squar
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »