HONG KONG: Tycoon Victor Li made his first land purchase in Hong Kong since taking the reins of CK Asset Holdings Ltd from his billionaire father Li Ka-shing, splashing out on a development site above a subway station.
The price wasn’t disclosed but Knight Frank LLP estimated the value at HK$36.1bil (US$4.6bil). It was CK’s first victory in a public land tender in two years.
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