KWONG Sang Hong International, Chi Cheung Investment Co and Chinese Estates Holdings have teamed up to bid for the Land Development Corp's (LDC) $4 billion urban renewal project in Wan Chai.
The tender closed on Thursday and the LDC received seven bids.
The other bidders are all leading developers: Sun Hung Kai Properties, Sino Group, Cheung Kong (Holdings), New World Development, Henderson Land Development and Hysan Development.
Kwong Sang Hong deputy managing director Edwin Cheung Hon-kit said his company had a 40 per cent interest in the consortium.
It was the first time Kwong Sang Hong had bid for an LDC project.
Urban redevelopment projects usually take longer to complete, but Mr Cheung said his company held a long-term view for its investments in Hong Kong.
