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Li Ka-shing plans to sell more mainland assets

CK Asset ready to shed two properties in Beijing and Shanghai worth over $7bn

Hong Kong tycoon Li Ka-shing.   © Reuters

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.

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