China State Construction to Sell Senior Housing Facility in Canada; Shares Up 3%

MT Newswires Live

2025/11/07

China State Construction Development (HKG:0830) agreed to sell a senior housing facility and related assets in Canada for around HK$514 million, according to a Hong Kong bourse filing on Thursday.

Shares of the curtain wall engineering company gained nearly 3% in morning trade Friday.

The sale will involve the company's Hygate on Lexington senior housing facility in Ontario, which was developed following a 2018 land acquisition.

The company said it was selling the asset to Sienna Senior Living to focus on its core business.

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