Property hunt: Sharing Economy is said to be trying to buy a boutique hotel from tycoon Lee Shau-kee. — Reuters
HONG KONG: Sharing Economy International Inc, a Chinese textile machinery maker with blockchain ambitions, said it’s pursuing the acquisition of a boutique hotel from Hong Kong property billionaire Lee Shau-kee.
A unit of Sharing Economy is offering to buy the Mira Moon Hotel from Lee’s Hong Kong-listed hospitality company, Miramar Hotel & Investment Co, for about HK$1.35bil (US$173mil), chief operating officer Parkson Yip said in a phone interview Tuesday. Yip said he hopes for a deal to be finalised by the end of next month.
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