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CR Longdation Seeks to Buy K11 Art Mall from NWD for $9B - Rumour
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Sing Tao Daily reported that China Resources Longdation has offered to acquire the K11 Art Mall on Hanoi Road, Tsim Sha Tsui, from NEW WORLD DEV (00017.HK), involving a consideration of $9 billion It is also rumoured that CR Longdation is negotiating to buy a batch of shops in Cityplaza, with a total area of about 100,000 square feet. NWD shares opened flat today (29 Aug) and peaked at $7.74. It now trades at $7.7, up 0.92%, with 3.8896 million shares traded, involving a capital of $29.7088 million. AAStocks Financial News |
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