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Chinese tycoon s seized Hong Kong flat sells for 39% below market price

Receivers for a HK$680 million (US$86.7 million) Mid-Levels flat – seized from Chinese tycoon Chen Hongtian for unpaid loans – have sold the property at 39…

Chinese tycoon Chen Hongtian s seized luxury Hong Kong flat sells for US$53 million, 39% below market price

A 5,154 sq ft flat in Opus Hong Kong, seized from Chen Hongtian earlier this year, has sold for US$53 million to Kwai Sze Hoi, chairman of Hong Kong-listed Ocean Line Port Development, sources say.

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