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Evergrande Group Acquires the United States Wan Tong Building in Hong Kong

China's third-largest real estate developer, Evergrande Group, announced on Wednesday on the Hong Kong Stock Exchange that it has agreed to acquire the United States Wan Tong Building located in the Wan Chai District from Hong Kong developer Chinese Estates Holdings Limited for HKD 12.5 billion (approximately USD 1.6 billion).

世贸通
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Hong Kong Immigration Economy: China's third-largest real estate developer, Evergrande Group, announced on Wednesday on the Hong Kong Stock Exchange that it has agreed to acquire the United States Wan Tong Building located in the Wan Chai District from Hong Kong developer Chinese Estates Holdings Limited for HKD 12.5 billion (approximately USD 1.6 billion) .


Hong Kong

 

The United States Wan Tong Building is a Grade A office building with 26 floors, currently at 100% occupancy. According to the agreement, Evergrande Group will pay the acquisition amount over six years.

Investment involves risks, the above information is for reference only

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