HNA Group Co., the property conglomerate that also owns Hainan Airlines Co., has paid HK$7.44 billion for its fourth plot of development land at Hong Kong’s former Kai Tak airport.
Milway Development Ltd. beat out 14 other bidders to secure a 50-year right to develop Kai Tak Area 1L Site 2 in Kowloon, according to a Wednesday announcement by Hong Kong’s Lands Department.
An HNA spokesman confirmed to the South China Morning Post that Milway is controlled by the Chinese conglomerate…
Source : South China Morning Post
Read more…HNA Group pays HK.44 billion for fourth plot of land at Kai Tak















