CK Asset considers US$3b China property project sale


SHANGHAI: CK Asset Holdings Ltd, one of Hong Kong’s biggest developers, is considering selling its stake in a large project in Shanghai, according to people familiar with the matter.

The landmark project – Upper West Shanghai in the city’s northwestern Putuo district – was billed as one of the largest mixed-used developments in the financial hub when construction started in 2011.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Traders remain selective in anticipation of corporate results
Ringgit opens higher against US$, other major currencies
Trading ideas: SunCon, Mah Sing, TNB, Khee San, TXCD, LYC, Hua Yang, KPJ, Bank Islam, MMHE, Genting, YTL, Sunway Healthcare, Dialog
Digital marketing in a new travel age
Malayan Cement outlook improves
SME Malaysia: Budget 2027 should focus on concrete results
Upside forecast for Kelington
Higher costs to weigh on Gas Malaysia bottom line
Serving up a digital feast
Bullish prospects for TM earnings

Others Also Read