Hanison Construction, JV partner sell The Connaught holding firm for $410m
The group expects the deal to result in a loss of about $177m.
Hanison Construction Holdings Limited said in an HKEX filing that, together with its joint venture (JV) partner, it has agreed to the disposal of the company that owns The Connaught for $410m.
The Connaught is a hotel that is located at No. 138 Connaught Road West, Hong Kong.
The group expects the deal to result in a loss of about $177m.