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New World, ADIA in Talks for HK$3 Billion Hotel Sale to UOL

Key Points

Property firm New World Development Co. is in talks to sell its 50% stake in a Hong Kong hotel to Singapore’s UOL Group Ltd., according to people familiar with the matter.

Property firm New World Development Co. is in talks to sell its 50% stake in a Hong Kong hotel to Singapore’s UOL Group Ltd., according to people familiar with the matter.
New World (ORG) ADIA (ORG) UOL Property (ORG) New World Development Co. (ORG) Hong Kong (LOCATION) Singapore (LOCATION) UOL Group Ltd. (ORG)
Originally published by Bloomberg Markets Read original →