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Investors cash out of PCPD after sale of Beijing property

Shares of Pacific Century Premium Developments plunged 21.5 per cent yesterday on news the company is selling its core holding of Pacific Century Place in Beijing to a private equity fund for US$928 million.

Shares of Pacific Century Premium Developments plunged 21.5 per cent yesterday on news the company is selling its core holding of Pacific Century Place in Beijing to a private equity fund for US$928 million.

10 Apr 2014 - 1:01AM