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Yeung Sai Hong & Yeung Kwok Sang sell 70% of China Step Ltd to NWD for HK$614m
Company announcement, 30-Sep-2005
China Step assembled the units of Villa Splendor, 9-12 Chun Fai Terrace, for redevelopment. 9 of the 12 floors were acquired by China Step in Jan-Apr 2005 for $146.5m, 2 of the others are under contract for purchase. With 11/12, a compulsory sale auction was triggered and NWD was the only bidder, for $508.9m.
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