China developer Evergrande gets bid for Hong Kong HQ from CK Asset

07/28/2022

Less than a minute

2022.07.28 07:45

China developer Evergrande gets bid for Hong Kong HQ from CK Asset
FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China December 7, 2021. REUTERS/Tyrone Siu

HONG KONG (Reuters) – CK Asset Holdings, founded by billionaire Li Ka-shing, said on Thursday it has submitted a bid for the Hong Kong headquarters of embattled Chinese developer Evergrande Group.

Evergrande recently assigned real estate services group Cushman & Wakefield (NYSE:CWK) as the sole agent to sell the 345,000 square foot office building following a failed sale last year, the Financial Times reported on Thursday, citing sources, and the sale was expected to fetch a much lower figure this time, closer to HK$9 billion ($1.15 billion).

($1 = 7.8491 Hong Kong dollars)

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07/28/2022

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