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SCMP Reporter

SHANGRI-LA Asia has paid $9.13 million for a residential unit and a car-park space in Conduit Road to an indirect subsidiary of Kerry Group, a substantial shareholder of Shangri-La Asia.

  It said the payment for the acquisition represented about 0.14 per cent of the company's net asset value as at the end of December 1992.



Shangri-La buys $9m flat