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CR Longdation Reportedly Splashes $2B+ to Acquire 5 Malls under HKHS
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China Resources Longdation (CR Longdation) acquired five shopping malls of housing estates in Cheung Sha Wan and To Kwa Wan from the Hong Kong Housing Society (HKHS), according to market sources. Such malls included the "Big Four Heya" projects in Cheung Sha Wan (namely Heya AQUA, Heya Delight, Heya Star and Heya Crystal) and the Jubilant Plaza in To Kwa Wan, involving more than $2 billion in estimation. The HKHS indicated earlier that it had sold the above properties in November, but did not disclose the identity of the buyer. AAStocks Financial News |
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