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Swire Pacific’s property arm to sell its 50 per cent stake in 625 King’s Road for US$303 million

Swire Pacific’s property unit has reached an agreement to sell its entire 50 per cent stake in the owner of a commercial building in Hong Kong for HK$2.38 billion (US$302.6 million).Swire Properties will sell its stakes in Island Land Development, which owns 625 King’s Road, a 26-storey tower in North Point, the parent company said in an exchange filing on Tuesday night. Swire Properties will record a gain of as much as HK$1.76 billion from the sale to Jacko Rise Pte and the proceeds will be… Source link

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Hong Kong’s property bull run takes a surprise break as Sun Hung Kai’s Park Yoho Napoli flats in Yuen Long fail to sell out

The bull run in Hong Kong’s residential property market took an unexpected break on Saturday when a weekend launch by the city’s biggest developer failed to sell out.Sun Hung Kai Properties (SHK) sold 17 of the 144 flats at the Park Yoho Napoli project on Castle Peak Road in Yuen Long as of 3:30pm, according to sales agents, adding that very few more are likely to find buyers. Prices started from HK$17,307 per square foot before discounts of up to 21 per cent.In its rush to get Napoli – the……

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Vietnam 

Vingroup sell US$1 billion stake to South Korean firm – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vingroup and SK’s leaders at the agreement signing ceremony on Thursday. — Photo courtesy of Vingroup HÀ NỘI — Việt Nam’s real estate, tech and retail conglomerate Vingroup JSC (Vingroup) yesterday signed a billion dollar deal with the Republic of Korea’s SK Group. The South Korean technology and telecommunication firm will acquire 154.3 million primary shares in Vingroup and 51.4 million shares of the Vietnamese firm’s VinCommerce for VNĐ23.3 trillion (US$1 billion) or VNĐ113,000 per share. After the transaction, SK will own a 6 per cent…

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Vietnam 

German firms seeks to sell machine tools in VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A conference to introduce innovations in production technology and machine tools from Germany in HCM City on Tuesday. – Photo dangcongsan.vn HÀ NỘI — The German Machine Tool Builders’ Association and the Delegate of German Industry and Commerce in Việt Nam on Tuesday in HCM City held a conference to introduce production technology and machine tools from Germany. German firms at the conference sought opportunities to export tools and technologies to Việt Nam for several industries, such as mechanics, automobile manufacturing, aviation industry and medical equipment. Việt Nam has experienced increasing demand…

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Singapore 

How to sell a car in Singapore: Step-by-step guide on how to list and sell your car online, Singapore News

Despite (or perhaps because of) the high price of COEs, the second hand car market in Singapore is thriving. People get rid of their cars when they get too close to the end of the COE than they’re comfortable with, selling them to those who can only afford to buy a car on the tail end of its COE lifespan. Selling a car on your own, without the help of a dealer, is easy thanks to an abundance of online tools. Here’s how to do it. WHO CAN YOU SELL…

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Vietnam 

Seafood processor Hùng Vương continues to sell assets amid debt burden – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Hùng Vương has started to sell its assets since 2017 as it is asking for debt payment reschedule from banks. HÀ NỘI – Seafood processor Hùng Vương Joint Stock Corporation has agreed to sell its entire stake in Hùng Vương Sông Đốc JSC – its latest move to liquidate assets to pay debts. In a filing to the Hồ Chí Minh Stock Exchange, management board of the company approved the selling of more than 3.2 million shares, accounting for 51 per cent in Hùng Vương Sông Đốc, but did…

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US security concerns force Cosco-owned Orient Overseas to sell Long Beach port in California

A Hong Kong-based company has been forced to sell its American container port after the US government raised security concerns about its parent being a Chinese state-owned shipping giant.Orient Overseas (International), which is majority-owned by Cosco Shipping Holdings, will sell off its entire interest in Long Beach Container Terminal in California for US$1.78 billion (HK$13.97 billion) in cash, according to a stock exchange filing on Tuesday morning.The sale to a US infrastructure fund is… Source link

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‘King of Cassettes’ David Chan Ping-chi to sell subdivided office units at The Center for up to 47 per cent profit

Cassette tape and CD magnate David Chan Ping-chi, one of 10 ultra wealthy investors who paid a world record US$5.15 billion for The Center in late 2017, is offering subdivided office units in the landmark skyscraper for up to 47 per cent more than what he spent.Chan could pull in sales revenue of HK$1.3 billion (US$170 million) if all 12 units on the 39th floor are sold. Each floor of the 73-storey The Center covers an area of 26,000 square feet.“Five units have been reserved. Details of the… Source link

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Vietnam 

Minh Phú Seafood to sell 75.7 million shares for US$159 million – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Minh Phú Seafood Corporation plans to sell more than 75.7 million shares in a private deal to raise VNĐ3.7 trillion (US$159 million) to provide additional capital for production and business activities. Photo tinnhanhchungkhoan.vn HÀ NỘI — Minh Phú Seafood Corporation (HoSE: MPC) plans to issue privately 75.72 million shares to raise VNĐ3.7 trillion (US$159 million) in 2019. The company will use 45 per cent of the funds, or VNĐ1.7 trillion, to improve its financial capacity. The remainder will be used to fund production and sales activities. The share issuance was approved in late…

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Singapore 

How to sell your pre-loved clothes: Top resale sites in Singapore, Singapore News

Take a real assessment of your closet. How is it? Bursting at the seams? Do you find a few dresses or shirts that you didn’t even remember you had? A cute top that you only wore once and then forgot about it? Most of us own way too many clothes, that are stuffed in wardrobes and are not being worn enough. Around 30 per cent of the stuff in our wardrobes has not been worn for over a year. If you don’t wear it (or if it doesn’t bring you…

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