Fulum Group (HKG:1443) Chairman Yeung Wai is selling a nine-storey building in Sha Tin, Hong Kong amid challenges facing the hospitality sector, the South China Morning Post reported Tuesday.
Property consultant CBRE will carry out the public bidding for the building, the report said.
Hansun Investments, in which Yeung is listed as a director, purchased the building for HK$498 million in 2013, according to the report.
Fulum owns 107 restaurants in Hong Kong and three in mainland China as of September, the SCMP reported.
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