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Lai Sun Development JV to Offload Hong Kong Property for HK$540 Million
An entity owned by a 50:50 joint venture between Lai Sun Development (HKG:0488) and a third party will sell commercial properties in Hong Kong to an undisclosed buyer for HK$540 million. The propertie
Lai Sun Development (00488) subsidiary plans to sell Hong Kong properties.
Lai Sun Int'l (00191) and Lai Sun Dev (00488) jointly announced that on July 2, 2024, the seller...
Lai Sun Garment Shareholders to Vote July 12 on Proposed Sale by Unit Lai Sun Development
Shareholders of Lai Sun Garment (International) (HKG:0191) will meet July 12 to vote on the proposed sale of a Hong Kong property-owning subsidiary by unit Lai Sun Development (HKG:0488), a June 21 bo
Hong Kong Rents Reach Pre-Pandemic Levels on Mainland Demand
Hong Kong’s rental prices have finally recovered to pre-pandemic levels as mainland Chinese students and professionals flock to the city.
Channels: There are signs that the impact of the withdrawal of hot measures in Hong Kong is slowing down, and it is expected to affect the performance of mortgage and insurance in the third quarter.
According to the report from The Intelligent Finance and Economics App, on June 12th, Cao Deming, the vice president of Jieluo Mortgage Brokerage, stated that the Hong Kong property market saw a brief rebound in transactions after the removal of the stamp duty. Coupled with new buyers gradually moving into properties purchased earlier this year, the demand for new mortgages has significantly increased.
Lai Sun International (00191.HK) and Lai Sun Development (00488.HK): Completed the sale of physical shares in AIA Financial Center
Gelonghui, May 31: Lixin International (00191.HK) and Lai Sun Development (00488.HK) announced that a wholly-owned subsidiary of Lixin Development sold 10% of its shares in Bayshore Development. In accordance with the terms of the sale agreement, the sale was completed on May 31, 2024. As a result, Lai Sun Garment Group and Lai Sun Development Group will each no longer hold any interest in Bayshore Development.
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