Date
22 April 2018

Next Media’s Lai sells Taipei property for US$35 mln, paper says

A land plot owned by Next Media Ltd. (00282.HK) chairman Jimmy Lai in Taipei’s Neihu district has been sold to a local entity, Chong Hong Construction Co. Ltd., for NT$1.03 billion (US$35.01 million), Commercial Times reported Thursday, citing a regulatory filing by Chong Hong. The property, which is for industrial use, covers an area of about 3,646 square meters, the report said. Since May, Chong Hong has bought two sites from a Hong Kong-based company controlled by Lai, who is said to have reaped nearly NT$4 billion from the deals, according to the report.

– Contact HKEJ [email protected]

TL/AC/RC

 

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