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Hong Kong protests spook owners of co-working space operator The Executive Centre, who drop planned US$750 million sale

The boss of shared office-space operator The Executive Centre (TEC) said the decision to place on hold a planned sale of its shares for US$750-million was “sensible” given the uncertainty gripping Hong Kong amid unprecedented social unrest.“Placing a pause on the shareholder sales process is a sensible reaction to the unknown unknowns of the current political and social issues being played out in Hong Kong,” said Paul Salnikow, chairman and chief executive of the Hong Kong-based company.The… Source link

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Former Macau gangster ‘Broken Tooth’ signs poker deal with secretive Chinese firm after raising US$750 million in ICO

Former Macau triad gangster “Broken Tooth” Wan Kuok-koi has partnered with a mysterious Beijing firm to back chess and poker tournaments in mainland China, as his company said it raised US$750 million in less than five minutes in an initial coin offering for his “HB” cryptocurrency. Wan launched the ICO at a star-studded event in Cambodia, attended by high-ranking government and military officials, businessmen and celebrities from mainland China and Hong Kong. In total, Wan’s company, World Hung Mun Investment, said it had sold 450 million HB tokens at three…

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