Shares of Link Real Estate Investment Trust (Link Reit), which owns shopping centres, markets and car parks in Hong Kong fell after it announced it had bought a shopping centre in Guangzhou for 4.06 billion yuan (US$590 million).
The company announced on Sunday that it has purchased the retail property, Metropolitan Plaza, from Barrel Holdings (Cayman), which is indirectly owned by NH Vendor Guarantors, which has a 41.2 per cent stake, and GC Vendor Guarantor, which holds 58.8 per cent.
NH…
Source : South China Morning Post
Read more…Link Reit shares fall after 4b yuan acquisition of Guangzhou shopping mall















