Hong Kong real estate firm discusses payment to end 11 Skies project obligations
A Hong Kong real estate company is in talks to make a payment that would end its obligations to the 11 Skies mall project. The discussions are the latest step in ongoing negotiations with city officials.
/aerial-view-of-house-roofs-in-suburban-neighborhood-565976173-5b185a148e1b6e0036d465ef.jpg)
investopedia.comA Hong Kong real estate company is in talks to make a payment that would end its obligations to the struggling 11 Skies mall project. The discussions represent the latest option under consideration as the company continues negotiations with city officials.
The 11 Skies mall project has faced ongoing challenges.
The company remains locked in talks with officials over how to address those challenges.
Sources said the company is exploring a payment option to conclude its role in the project. The talks are part of broader discussions with city officials.
Transparency
Story details
Related Stories
middleeasteye.netIsraeli Strike Kills Three Lebanese Soldiers After Hezbollah Rejects Truce, Continues Border Attacks
An Israeli airstrike hit a Lebanese army vehicle on the road between Khardali and Nabatieh, killing two officers and one soldier. The incident occurred hours after a conditional truce was announced in Washington talks.
foxnews.comRaul Castro Attends 65th Anniversary of Cuba's Ministry of the Interior
Cuba's former president appeared publicly for the first time since a May U.S. indictment on murder charges.