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HKEx Agrees to Sell Two Properties

Corporate
18 Jan 2008

Hong Kong Exchanges and Clearing Limited (HKEx) has agreed to sell two properties on Hong Kong Island separately to two different companies owned by an independent third party.  The properties were offered in a public tender that closed on 3 January this year.

HKEx is selling the premises at UG/F-2/F, VHeun Building, 138 Queen’s Road Central, with a total gross floor area of 14,788 square feet, for about $103 million, and the premises at 5/F, Hong Kong Plaza, 188 Connaught Road West, with a gross floor area of 10,915 square feet, are being sold for about $30 million.

HKEx expects to complete the transactions on 18 February this year.

Updated 18 Jan 2008