Two affiliates under the Emperor Group have entered into an agreement to trade one of its hotels and two service apartment buildings in Hong Kong for some HK$2 billion (US$260 million), with the proceeds to be used to expand the group’s property development and hospitality operations beyond Macau.
Emperor Group to use HK$2 bln property deal to expand hospitality operations (Macau Business)
Major Disposal and Very Substantial Acquisition (filing)
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