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Bloomberg
Soho China Ltd is considering selling a majority of its commercial property holdings in deals that may fetch as much as $8 billion, people familiar with the matter said, sending the shares up the most on record.
At least eight office towers in Beijing and Shanghai are being discussed as part of the planned sales, the people said, asking not to be named because the discussions are private.
The developer’s Hong Kong-listed stock closed up a record 18%, erasing most of 2019’s decline.