Lai Sun Development sells stake in Central HK office tower for USD 449.84 million

Lai Sun Development announced it is selling its interest in the office tower at 3 Connaught Road Central in Hong Kong’s financial district. The disposal is valued at HK$3.5 billion (≈ USD 449.84 million), as the firm seeks to improve liquidity amid prior losses. Proceeds will likely help reduce debt and stabilise the balance sheet in a tougher Hong Kong real-estate market environment.