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Those U. S. names with significant exposure in "The Las Vegas of the East," rallied at the open and held on to the gains by the close of Tuesday’s trading.
The Covid-19 pandemic posed significant challenges to the company’s property, transport and hospitality businesses, Pansy Ho says. The group plans to embark on new ventures later this year.
The state-backed real estate giant’s announcement comes as President Xi Jinping underscores the critical role of Hong Kong during the Chinese Communist Party’s 20th national congress in Beijing.