HONG KONG - Hong Kong property developer CK Asset Holdings is open to bidding for debt-laden HNA Group’s stake in Irish aircraft lessor Avolon Holdings if it were put up for sale and is eyeing other overseas deals as it pushes for stable revenue sources.
Among assets abroad, it is looking at office towers, utility assets and infrastructure that can be a recurring and long-term source of income, said Gerald Ma, general manager of CK Asset corporate business development department. While Hong Kong’s No.2 property developer by market value will continue to invest in the property markets in the city and mainland China, it will likely be more conservative with its bidding prices, Ma told a small group of reporters.
Last year, it acquired an office tower in London - which is leased to investment bank UBS on a 17-year contract - for $1.3 billion, after disposing of a Hong Kong skyscraper in a record $5.2 billion deal.
Plush biz is conglomerate split to avoid historical taxes or too quick taxes
Li Jiacheng should go to hell. Early on, many people in the Li Ka-shing family were involved in the political struggle at the top of the Communist Party of China. The Li Ka-shing family benefited a lot from the political struggle.