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China Soft Power (0139) restructures deal to buy 1 Lincoln Road for HK$330m
Company announcement, 7-Sep-2017
Now it is buying the BVI company that owns the property, rather than the HK co that agreed to buy the BVI co. No stamp duty will be payable. Buying the property directly would have cost a prohibitive 30% in stamp duty. The owner of the vendor is not disclosed.
- Central Wealth Group Holdings Limited (BM)
- DRAGON HUGE DEVELOPMENT LIMITED
- Goodview Assets Limited
- Winsey Enterprises Limited