Category: tycoon

Hong Kong Tycoon Sells Shanghai Property for $540 Million

September 23, 2021
ArchivedBusiness & EconomyChinaChina Business & EconomyCompaniesHong KongInvestmentLi Ka ShingNewstycoon
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Hong Kong’s richest man has sold a 24-story commercial building in Shanghai for $540 million, further reducing his assets on the Chinese mainland. Hysan Development announced last Friday it would acquire the commercial project in Shanghai from CK Asset Holdings Ltd., a Hong Kong-based investment holding company founded by business magnate Li Ka-shing. The newly…

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Taiwan Says Hong Kong Tycoon Asset Freeze a Warning to Global Investors

May 15, 2021
Asia & PacificAssetChinaChinese RegimefreezeglobalHK BusinessHK Current AffairsHong KonginvestorsJimmy LaiTaiwantycoonWorld
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TAIPEI—Taiwan warned on Saturday that Hong Kong’s decision to freeze assets belonging to jailed media tycoon Jimmy Lai was a sign to the international community that doing business in the Chinese-controlled city was becoming increasingly risky. The asset freeze, announced on Friday, includes all shares in his company, Next Digital—the first time a listed firm…

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