09 Apr Debt-saddled Lai Sun Development sells stake in insurer AIA Group’s Hong Kong headquarters
Posted at 04:26h
in Asia
A wholly-owned unit of Lai Sun Development Company, a Hong Kong property firm, has sold its equity stake in the AIA Central skyscraper for HK$1.42 billion (US$180 million) in a bid to boost its liquidity.The move comes just a few weeks after the developer disposed...