Deals
China Blockchain Firm Pursues Hong Kong Tycoon's Boutique Hotel
- Sharing Economy offering $173 million for Mira Moon property
- Hotel located near bustling Causeway Bay shopping district
This article is for subscribers only.
Sharing Economy International Inc., a Chinese textile machinery maker with blockchain ambitions, said it’s pursuing the acquisition of a boutique hotel from Hong Kong property billionaire Lee Shau-kee.
A unit of Sharing Economy is offering to buy the Mira Moon Hotel from Lee’s Hong Kong-listed hospitality company, Miramar Hotel & Investment Co., for about HK$1.35 billion ($173 million), Chief Operating Officer Parkson Yip said in a phone interview Tuesday. Yip said he hopes for a deal to be finalized by the end of next month.