Hysan Development sold three units at its Bamboo Grove luxury complex in Hong Kong’s Mid-Levels for a total of HK$133 million (US$17 million), two of which were bought by the company’s chairwoman Irene Lee Yun-lien’s son, Nicolas Hugh Ingram, while the third was acquired by the wife of non-executive director Lee Chien.
The transactions, disclosed by the company on Friday, are expected to yield a total gain of about HK$49.3 million for the developer. The proceeds would be allocated for general…
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