Exclusive | Hong Kong’s richest woman is still eyeing her biggest purchase – even though her paper wealth has halved
Kingston Financial Group co-founder Pollyanna Chu is still shopping for a stake in the world’s most expensive office building.
One of Hong Kong’s wealthiest women is still shopping for the biggest purchase of her life – a stake in the world’s most expensive office building – even though her wealth on paper has halved.
Pollyanna Chu Lee Yuet-wah, co-founder of Kingston Financial Group, said she is close to completing the financing for her 17 per cent stake in the HK$40.2 billion (US$5.15 billion) purchase of The Center, a 73-storey office tower in Central, from Li Ka-shing’s CK Asset Holdings.
“This will be the biggest acquisition I have ever made,” Chu said by telephone when contacted by the South China Morning Post.
Chu, who turns 60 in August, wasn’t perturbed. “I have a bigger private investment portfolio,” she said. “I was not excited when I was crowned as the richest woman” in Hong Kong by Forbes, she said. “For now, I do not feel bad.”