Shui On Land Ltd. said its controlling shareholder, Lo Hong Sui, is from time to time reviewing his options for his shares in the Hong Kong-listed developer.
The statement comes as a response to media reports claiming that Lo's discussions with banks is preparation to privatize Shui On Land.
According to the company, Lo is speaking with the banks for financing, adding that no definite plans or agreements have been formulated with respect to Lo's various options for the company. In a filing, Shui On Land also noted that "no definite proposal can be put forward to the company and there can be no certainty that any proposal will be made."
