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

MT Newswires Live

Jul 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. 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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\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048580855.USD","symbol_name":"富达大中华区A","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2555703597","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555703597","pubTimestamp":1753777495,"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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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}