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Shimao’s Founder Hui Puts Hong Kong Office Floors Up for Sale

Hui Wing Mau in 2017.
Hui Wing Mau in 2017.Photographer: Simon Song/South China Morning Post/Getty Images

Shimao Group Holdings Ltd.’s Chairman Hui Wing Mau has put two office floors in Hong Kong up for sale, as the embattled Chinese developer contends with an industrywide cash crunch.

The space in The Center tower in Central is being marketed to potential buyers for about HK$1.5 billion ($193 million), according to sales material seen by Bloomberg. The two floors are owned by companies that list Hui and his daughter Hui Mei Mei as directors, land records show.