Market Chatter: Lai Sun Explores Sale of 50% CCB Tower Stake

MT Newswires Live
2025/07/29

Lai Sun Development (HKG:0488) is looking to sell its 50% stake in Hong Kong's CCB Tower as part of its asset disposal strategy, Bloomberg News reported Tuesday, citing people familiar with the matter.

According to the report, talks have been held with potential buyers, including China Construction Bank (HKG:0939, SHA:601939), which owns the other half of the 27-story office tower in Hong Kong's Central business district.

China Construction Bank has not expressed interest in acquiring the stake, the report added.

Lai Sun has also secured majority lender support for a HK$3.5 billion loan refinancing, with the existing facility maturing on Oct. 5, Bloomberg reported earlier.

(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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