Liu Chong Hing Investment to acquire Choengmon Real Estate from Nye Estate and SBPS Mauritius for $79m.

Liu Chong Hing Investment, an investment holding company principally engaged in property development, agreed to acquire Choengmon Real Estate, a hotels and resort hotels companies provider In Thailand, from Nye Estate and SBPS Mauritius for $79m. As one or more of the applicable percentage ratios in respect of the acquisition exceed 5%.