JD.com to acquire a 50% stake in CCB tower from Lai Sun Development for HK$3.5bn.

Synopsis

JD.com, an online direct sales company in China, agreed to acquire a 50% stake in CCB tower from Lai Sun Development, a property developer based in Hong Kong, for HK$3.5bn.

Principals

target

Lai Sun Development Co (ccb Tower)

bidder

Jd.com

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Market Context