Market Chatter: Bank of East Asia Takes Possession of Luxury Mansion in Hong Kong

MT Newswires Live

09/11

The Bank of East Asia (HKG:0023) took possession of a luxury mansion in Hong Kong for HK$790 million, The Standard reported Wednesday.

Shenzhen tycoon Chen Hongtian bought the property at 15 Gough Hill Road in The Peak for about HK$2.1 billion in 2016, with the bank providing first and second mortgages.

The mansion was placed in receivership in March 2023 after a loan default, representing a paper loss of roughly HK$1.3 billion.

(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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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1601","symbol_name":"香港本地股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2566937255","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566937255","pubTimestamp":1757559836,"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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