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BREAKING

Greece May Be Cut by S&P

Hopson Will Buy Office Project in Beijing for 6.88 Billion Yuan

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Nov. 3 (Bloomberg) -- Hopson Development Holdings Ltd. agreed to pay 6.88 billion yuan for project company that’s building 38 loft-style office buildings in a Beijing industrial park, the company said in a Hong Kong stock exchange filing.

The company will pay 2.31 billion yuan in cash and issue new shares for the balance of the consideration, according to today’s statement.

Link to Statement:{NSN LBBDPH3PR6RK <GO>}

Link to Company News:{754 HK <Equity> CN <GO>}

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net