SJM Holdings Limited has announced that its indirectly wholly-owned subsidiary Bondwell Limited has bought the whole of the 18th floor of China Merchants Tower, Shun Tak Centre, in Connaught Road in Hong Kong for HK$680 million.
According to a SJM Holdings statement to the Hong Kong Stock Exchange on Friday, Shun Tak Centre Limited, has agreed to sell the property.
According to the statement, the price “is not higher than the estimated market value of the property as appraised by an independent property valuer.”
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