Property News · May 30, 2023

Chinese tycoon Chen Hongtian’s embattled Cheung Kei Group to sell equity in offshore assets to overcome cash crunch


Cheung Kei Group plans to offload equity in two properties located in Canary Wharf, London to help mitigate its cash flow problems and said its asset quality was high and debt ratios low relative to its peers.

Source : South China Morning Post
Read more…Chinese tycoon Chen Hongtian’s embattled Cheung Kei Group to sell equity in offshore assets to overcome cash crunch