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China Cinda affiliate buys Hong Kong hotel for HK$4.3B

An affiliate of China Cinda Asset Management Co. Ltd. bought a four-star hotel in Tsim Sha Tsui, Hong Kong, for HK$4.3 billion, Mingtiandi reported Oct. 17 citing the city's public records.

Hong Kong Land Registry documents showed the 546-room Kimberley Hotel was purchased by Pleasure Bright Holdings Limited, which listed its directors as people believed to be officers from China Cinda's Hong Kong branch, the publication said.

Mingtiandi reported earlier this month that the 243,301-square-foot hotel received an offer from an unnamed buyer.