CK Assets Achieve a Rich Price for the Center, Awaiting Confirmation
Various media sources reported that CK Asset Holdings, or CK Asset, sold its interest in The Center, a grade-A office tower in Hong Kong, for HKD 40.2 billion. The buyer is unidentified, but rumored to a Chinese financial group affiliated with a state oil company. CK Asset holds a portion of the office tower, totaling 1.24 million square feet. The average selling price is HKD 32,300 per square feet. Pending confirmation and details of the transaction, we maintain the company's narrow economic mo...CK Asset Holdings and its subsidiaries are engaged in the property development and investment; hotel and serviced suite operation; property and project management; and aircraft leasing business.
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