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Fortune Reit sells HK mall for HK$2b to repay loan

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Published Wed, Dec 20, 2017 · 09:50 PM

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Singapore

FORTUNE Reit on Tuesday evening said it has signed an agreement with an unnamed buyer to dispose of Provident Square in Hong Kong.

The real estate investment trust manager plans to use the net proceeds from the sale for general corporate purpose and working capital, including repayment of an existing bank loan amounting to HK$1.1 billion.

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