Sammyboy RSS Feed
10-04-2014, 02:30 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
looks like china really slowing down, all heir intervening policies are at work too, whether how much it can help, noone knows except lee, who is cashing out..:eek:
http://www.straitstimes.com/news/bus...jing-property- (http://www.straitstimes.com/news/business/property/story/family-asias-richest-man-li-ka-shing-sells-11-billion-beijing-property-)
BEIJING (AFP) - A company controlled by the family of Asia's richest man Li Ka Shing has sold a landmark Beijing property for more than US$900 million (S$1.1 billion), it said, adding to speculation he is cashing out of Chinese property.
Pacific Century Premium Developments - a company chaired by Mr Richard Li, the tycoon's younger son - signed an agreement Tuesday to sell Pacific Century Place for US$928 million, the company said in a statement filed with the Hong Kong stock exchange.
The deal is nearly 30 per cent lower than the asking price reported last year for the well-located Beijing property, made up of two office towers, two serviced apartment blocks and a shopping mall, China's Dongfang Daily newspaper said Thursday.
The deal is the fourth Chinese property disposal by Mr Li's family since August, it said, adding that the sales have fetched a total of nearly 18 billion yuan (S$3.6 billion).
- See more at: http://www.straitstimes.com/news/bus....Y1aT7nN3.dpuf (http://www.straitstimes.com/news/business/property/story/family-asias-richest-man-li-ka-shing-sells-11-billion-beijing-property-#sthash.Y1aT7nN3.dpuf)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?179141-Family-of-Asia-s-richest-man-Li-Ka-Shing-sells-1-1-billion-Beijing-property&goto=newpost).
looks like china really slowing down, all heir intervening policies are at work too, whether how much it can help, noone knows except lee, who is cashing out..:eek:
http://www.straitstimes.com/news/bus...jing-property- (http://www.straitstimes.com/news/business/property/story/family-asias-richest-man-li-ka-shing-sells-11-billion-beijing-property-)
BEIJING (AFP) - A company controlled by the family of Asia's richest man Li Ka Shing has sold a landmark Beijing property for more than US$900 million (S$1.1 billion), it said, adding to speculation he is cashing out of Chinese property.
Pacific Century Premium Developments - a company chaired by Mr Richard Li, the tycoon's younger son - signed an agreement Tuesday to sell Pacific Century Place for US$928 million, the company said in a statement filed with the Hong Kong stock exchange.
The deal is nearly 30 per cent lower than the asking price reported last year for the well-located Beijing property, made up of two office towers, two serviced apartment blocks and a shopping mall, China's Dongfang Daily newspaper said Thursday.
The deal is the fourth Chinese property disposal by Mr Li's family since August, it said, adding that the sales have fetched a total of nearly 18 billion yuan (S$3.6 billion).
- See more at: http://www.straitstimes.com/news/bus....Y1aT7nN3.dpuf (http://www.straitstimes.com/news/business/property/story/family-asias-richest-man-li-ka-shing-sells-11-billion-beijing-property-#sthash.Y1aT7nN3.dpuf)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?179141-Family-of-Asia-s-richest-man-Li-Ka-Shing-sells-1-1-billion-Beijing-property&goto=newpost).