Century City, Paliburg, Regal Complete Sale of Hotel

MT Newswires Live
May 04

Century City (HKG:0355), Paliburg (HKG:0617), and Regal (HKG:0078) completed the sale of Regal Oriental Hotel, the companies said in a joint Hong Kong bourse filing Thursday.

Shares of Century City gained 1% on Monday, with Paliburg and Regal little changed.

The firms had agreed to dispose of the Regal Oriental Hotel at a property value of HK$1.52 billion to a Centaline Strategic Investments joint venture.

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