Property News · September 11, 2019

Hong Kong protests spook owners of co-working space operator The Executive Centre, who drop planned US$750 million sale


The boss of shared office-space operator The Executive Centre (TEC) said the decision to place on hold a planned sale of its shares for US$750-million was “sensible” given the uncertainty gripping Hong Kong amid unprecedented social unrest. “Placing a pause on the shareholder sales process is a sensible reaction to the unknown unknowns of the current political and social issues being played out in Hong Kong,” said Paul Salnikow, chairman and chief executive of the Hong Kong-based company. The…

Source : South China Morning Post
Read more…Hong Kong protests spook owners of co-working space operator The Executive Centre, who drop planned US0 million sale