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Fugitive tycoon sells Hong Kong office tower for record HK$12.5bn

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Chinese Estates, controlled by fugitive tycoon Joseph Lau Luen-hung, sold its Grade A office tower in Wan Chai for HK$12.5 billion, making it the most expensive office building ever sold in Hong Kong. The sale, announced on Thursday night, allowed Lau to break two records: on Wednesday he paid 48.6…

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Click here to read the full story: South China Morning Post

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