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SHK Properties to cut February mall rents 30-50% due to virus

Hong Kong developer says size of discounts will depend on individual circumstances

SHK's New Town Plaza shopping mall in in Hong Kong: The property developer is giving its tenants a discount on rent for February.    © Reuters

HONG KONG (Nikkei Markets) -- Sun Hung Kai Properties said on Wednesday the company will lower the basic rents for February paid by tenants in its Hong Kong shopping malls by 30% to 50% to help ease the impact on their businesses from the deadly coronavirus epidemic.

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