Hong Kong tycoon Li Ka-shing plans to dispose of two properties in Beijing and Shanghai worth 50 billion yuan ($7.31 billion), a sign the billionaire is further pulling out of the Chinese mainland.
CK Asset Holdings, Li's flagship business, plans to sell a mixed residential and commercial project in northeast Beijing, Caixin learned from multiple sources. Mainland property giant Sunac China Holdings Ltd. is interested in taking over the project, a person close to the deal told Caixin.
