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Hang Lung Looking to Buy Distressed Properties in Mainland China

Bloomberg business news
WATCH: Hang Lung Group’s Adriel Chan discusses the company’s earnings, China’s zero-covid policy and his outlook for China’s residential property market. Source: Bloomberg

Hong Kong property developer Hang Lung Properties Ltd. is looking to buy high-quality real estate from distressed peers in mainland China.

The company is interested in commercial property assets in tier one and tier two cities, Vice Chair Adriel Chan said in an interview with Bloomberg Television on Friday.