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Li venture puts stock in exclusivity

3-MIN READ3-MIN
Spencer Robinson

Its low-key launch was in stark contrast to the hype that greeted last week's initial public offering of Tom.com.

But for golfing traditionalists with an eye on seeing their shares soar and their handicaps plummet, another Li Ka-shing venture appears set to prove a winner.

Built at an estimated cost of $300 million, the Harbour Plaza Golf Club in Dongguan unveiled its first 18 holes last July. A further nine holes came on line at the beginning of September.

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Although Li, a self-confessed golfing addict, has yet to visit the site, an hour from Shenzhen and Guangzhou, his track record suggests it's a fair bet that the club will prove an above-par investment.

With its stringent membership pricing policies it may also help to bring a much-needed semblance of sanity to China's muddled golf club membership market.

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'Our owners are dedicated to quality and our aim at Harbour Plaza is to get back to what club golf is all about,' said Kurt Michelsen, general manager at the Robert Trent Jones-Jnr designed course.

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