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Site could potentially accommodate 800 flats totalling 576,950 sq ft, and is valued at HK$8-$9.8 billion, or HK$14,000 to HK$17,000 per square foot
Tysan Holdings (687 HK) is a real estate focused holding company which is controlled by one of the most well respected real estate investors globally.
April 5 The following bids, mergers, acquisitions and disposals were reported by 1025 GMT on Tuesday:
HONG KONG Chinese engineer Tysan Holdings Ltd plans to sell a controlling stake to aviation and shipping conglomerate HNA Group Co Ltd for HK$2.62 billion ($338 million), a move which could trigger a mandatory general offer for the firm.
[BEIJING] Chinese conglomerate HNA Group Co agreed to buy a controlling stake in Tysan Holdings Ltd for about US$340 million to expand in construction and property development, prompting shares of the target company to jump to the highest level in 25 years.