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001122334455554433221100

Hongkong Land Considers Sale of MCL Land for Premium Price

Hongkong Land Holdings Ltd. is reportedly considering the sale of its property developer arm, MCL Land Ltd., which it fully owns. The company aims to divest the Singapore-based developer at a premium to its book value of S$1.1 billion ($820 million) and is engaging financial advisers to facilitate the transaction.
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