Dragonite (0329) sells basement of China United Centre for HK$140m

Actually they are selling the BVI co which indirectly owns it, thereby avoiding 8.5% Double Stamp Duty (if passed). The owner of the buyer is not disclosed, but later filings show that at 18-Sep-2012 it was a 100% subsidiary of HEC Capital Ltd. Both Dragonite and HEC Capital are in what we call the "Chung Nam Network".

Organisations

Central Town Limited (VG)
E-Garden Properties Limited
EAST CHAMPION LIMITED 億綽有限公司
Future Master Investments Limited
HEC Capital Limited
OCI International Holdings Limited 東建國際控股有限公司

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Organisations