Ping An Insurance Group to acquire a 25% stake in Vivid Synergy from Sun Hung Kai Properties for $1.45bn.

Ping An Insurance Group, a technology-powered retail financial services group, agreed to acquire a 25% stake in Vivid Synergy, a real estate company, from Sun Hung Kai Properties, a listed corporation and one of the most significant property developers in Hong Kong, for $1.45bn. "The presence of major strategic investors for the project should act as a catalyst in attracting more multi-national corporations and leading financial institutions to move their operations to this landmark project, hence further strengthening the reputation and market position of this project and that of International Commerce Centre as a key business and finance hub both in Hong Kong and the Greater Bay Area," Sun Hung Kai Properties.