Global Sources announced it has signed a letter of intent to sell an investment property. The property, located on the 50th floor of the Shenzhen International Chamber of Commerce Tower, is being offered for US$21.7 million.
The company stated that the sale will help Global Sources become less invested in China and provide a substantial return on investment. The company has received US$3.2 million from the buyer with the remainder coming at the completion. The deal is set to close on 10thNovember 2015.
Source: Business Strategies Group Hong Kong – www.biia.com