Parkview to buy its office

HONG Kong Parkview Group has entered into a conditional agreement with Hwang Chou Shiuan and Victor Hwang to acquire Chyau Fwu Investment, which owns the 11th floor of World-Wide House in Central, valued at $150 million at September 30.

Parkview uses the property as its head office under a licence. On the basis of the group's debts, Parkview will pay $90.34 million for the property.