A consortium of property investors led by two Hong Kong tycoons yesterday closed their HK$40.2 billion (US$5.15 billion) takeover of Li Ka-shing’s The Center building, in an innovative bit of financial engineering that required them to put up capital equivalent to 20 per cent of their purchase.
The C.H.M.T Peaceful Development Asia Property group – led by Shimao Property Holdings’ founder Hui Wing Mau and Forbes’ wealthiest woman of 2017 Pollyanna Chu – put up a…
Source : South China Morning Post
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