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Chinese Estates (0127) to sell Windsor House to controlling shareholder Joseph Lau

Company announcement, 23-Dec-2015

By buying the BVI company which indirectly owns the property, they avoid the 8.5% stamp duty which would have cost HK$918m on the $10.8bn property. Incidentally, the Windsor House company owns a nominee membership of The Hong Kong Golf Club valued at HK$12.6m.

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