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The creditors of the Hong Kong subsidiaries of the closed down Guangdong International Trust and Investment Corp (Gitic) have foreclosed Phoenix Tower in Causeway Bay for public tender solely through First Pacific Davies.
The property, with gross floor area of 97,759 square feet, is owned by Guangxin Enterprises which, with Gitic Hong Kong, is under voluntary liquidation.
The tender will close on November 26.
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