Pacific Century Premium Developments Receives $400 Million Bid for Unit

MT Newswires Live

02/13

Pacific Century Premium Developments (HKG:0432) said it has received an offer from an independent third party to acquire Rafflesia Investment, an indirect wholly owned subsidiary, for $400 million, according to a Friday Hong Kong bourse filing.

The company said it is in advanced negotiations on the terms of the offer.

Rafflesia Investment owns Pacific Century Place, a premium commercial office building in Jakarta, Indonesia, the filing said.

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