Market Chatter: Lai Sun Development in Talks to Sell Ownership in Hong Kong Property to JD.com

MT Newswires Live

11/27

Lai Sun Development (HKG:0488) is in talks with JD.com (HKG:9618) to sell its 50% ownership in the China Construction Bank Tower in Hong Kong's Central, according to a DebtWire report.

The developer has reportedly reached a preliminary agreement with JD.com, a source said. However, another person familiar with the process said bidding is yet to be settled, according to the report.

The developer expects to book about HK$2 billion in net proceeds from the sale of its stake.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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However, another person familiar with the process said bidding is yet to be settled, according to the report.</p><p>The developer expects to book about HK$2 billion in net proceeds from the sale of its stake.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1282649067.USD","symbol_name":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2586903232","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586903232","pubTimestamp":1764210537,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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