China State Firm to Sell 20 Shanghai Office Towers in Downturn [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
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Source: Yahoo! Finance
billion), people familiar said, underscoring the severity of the city's commercial property downturn. Most Read from Bloomberg Tesla Soars on Tentative China Approval for Driving System HSBC CEO Quinn Unexpectedly Steps Down After Almost 5 Years Stocks Trade for 390 Minutes a Day. Increasingly, Only 10 Matter US Warns ICC Action on Israel Would Hurt Cease-Fire Chances Yen Sparks Intervention Suspicion After U-Turn From 1990 Lows Shanghai Lujiazui Finance & Trade Zone Development Co., owned by the state assets supervisor of Shanghai's Pudong district, last month offered to sell about 20 office buildings in the financial hub, said the people, who asked not to be identified discussing private information. The office assets, which includes the iconic DBS Bank Tower, are offered individually instead of as a portfolio. The plans are preliminary and could be subject to change, the people added. Lujiazui Finance & Trade Zone didn't immediately respond to an emailed request for
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