Li sells Nanjing IFC - The Standard: "
Tycoon Li Ka-shing has sold his only commercial property in Nanjing for about 3 billion yuan (HK$3.84 billion) to mainland conglomerate SanPower Group
This is the fourth time that the chairman of Cheung Kong Holdings (0001) has offloaded assets in the mainland since last August, for a total of at least 12.6 billion yuan.
A SanPower Group spokesman said the group has acquired the Nanjing IFC for more than 2 billion yuan from ARA Asset Management Ltd, a subsidiary of Cheung Kong, Xinhua News Agency reported yesterday.
Other sources close to the deal said the price tag could reach up to 3 billion yuan."
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