A US-based church suing a top Hong Kong school is “not looking to sell or redevelop” seven local properties it owns with an estimated value of nearly HK$1 billion (US$127 million), insisting it intends to make a “significant investment” in the city through a new institution.
The Lutheran Church-Missouri Synod (LCMS) told the Post on Saturday that it was in a “comfortable financial position”, despite expressing concerns last month about a “significantly deepening deficit” based on multi-year…
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