Property News · September 18, 2019

CLSA renews office lease with Swire Group, defying parent’s reported order to cut ties with company that drew China’s ire


Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties’ flagship property. The Financial Times reported on Wednesday the firm had been under pressure to quit the premises by its mainland Chinese state-owned parent, Citic Securities.Swire Properties’ parent, Swire Group, which owns Hong Kong carrier Cathay Pacific, has drawn Beijing’s ire after airline staff took part in the protests that have rocked the city since June.Rick Gould, CLSA’s chief executive, in an…

Source : South China Morning Post
Read more…CLSA renews office lease with Swire Group, defying parent’s reported order to cut ties with company that drew China’s ire

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