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Hong Kong housing exec rejects calls to probe Link REIT deal

Raymond So, Hong Kong's acting secretary for housing, dismissed calls for the government to open a probe into Link Real Estate Investment Trust's operations or business deals, Hong Kong's The Standard reported.

The publication quoted the executive as saying the company is a listed entity and that the government has little control in matters governing the private company.

Hong Kong lawmakers urged the government to investigate the trust's HK$23 billion sale deal for 17 shopping complexes, arguing that the transaction may affect low-income families, as most of the assets to be sold are at public housing estates.