SHANGHAI :
Soho China Soars on Report It Will Sell Commercial Buildings for USD8 Billion
Dou Shicong
DATE:  Oct 31 2019
/ SOURCE:  yicai
Soho China Soars on Report It Will Sell Commercial Buildings for USD8 Billion Soho China Soars on Report It Will Sell Commercial Buildings for USD8 Billion

(Yicai Global) Oct. 30 -- Soho China's shares surged as much as 27 percent today after Bloomberg News reported that the developer is weighing selling most of its commercial properties for USD8 billion.

The stock [HKG:0410] closed almost 18 percent higher at HKD2.70 (34 US cents), giving the Beijing-based company a HKD14 billion (USD1.79 billion) market value.

At least eight office towers in Beijing and Shanghai are under discussion as part of the proposed divestment, Bloomberg cited people familiar with the matter as saying.

Editor: Ben Armour

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Keywords:   Soho China