Market Chatter: China Resources' Unit Acquires Five Malls for HK$2 Billion

MT Newswires Live12-04

China Resources Holdings' property management arm, CR Longdation, acquired five malls in Hong Kong from the Hong Kong Housing Society for over HK$2 billion, the Standard reported Wednesday.

These malls include Jubilant Plaza in To Kwa Wan and the malls at the "Big Four Heya" projects in Cheung Sha Wan, Cheung Sha Wan - Heya Aqua, Heya Delight, Heya Star and Heya Crystal, the publication said, citing the Hong Kong Economic Times.

China Resources Land (HKG:1109) also said its unit partnered with a subsidiary of China Overseas Land & Investment (HKG:0688), to acquire a plot in Shenzhen's Nanshan District for 18.5 billion yuan, the Standard added, citing reports.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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