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Hong Kong-Listed Lai Sun Development Subsidiary Sells Stake in AIA Hong Kong Headquarter AIA Central for $180 Million, Total Liabilities of $4.3 Billion & Current Market Value of $114 Million
12th April 2024 | Hong Kong
Hong Kong-listed Lai Sun Development subsidiary has sold its stake in AIA Hong Kong headquarter AIA Central for $180 million (HKD 1.42 billion). AIA Central building was developed by Bayshore Development Group Limited, a consortium formed by AIA International Ltd and Lai Sun Development Company Limited. Lai Sun Development has total liabilities of $4.3 billion (2024 January), and current market value of $114 million (12/4/24: HKD 901 billion). Lai Sun Development Company Limited is a member of the Lai Sun Group. The Company is well diversified and its principal activities include property investment, property development, investment in and operation of hotels and restaurants, media and entertainment, music production and distribution, films, video format products and television programmes production and distribution, cinema operation, cultural, leisure, entertainment and related facilities and investment holding. The Company was listed on The Stock Exchange of Hong Kong Limited in March 1988 following a reorganisation of the Group.
“ Hong Kong-Listed Lai Sun Development Subsidiary Sells Stake in AIA Hong Kong Headquarter AIA Central for $180 Million, Total Liabilities of $4.3 Billion & Current Market Value of $114 Million “
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Hong Kong-Listed Lai Sun Development Subsidiary Sells Stake in AIA Hong Kong Headquarter AIA Central for $180 Million, Total Liabilities of $4.3 Billion & Current Market Value of $114 Million
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