Galaxy Soho real estate project in Beijing, designed by Zaha Hadid Architects. Photo: Handout Galaxy Soho real estate project in Beijing, designed by Zaha Hadid Architects. Photo: Handout
Galaxy Soho real estate project in Beijing, designed by Zaha Hadid Architects. Photo: Handout

Blackstone drops US$3.05 billion offer for Soho China amid regulatory review of takeover of the largest developer in Beijing

  • US private equity giant offered HK$5 per share for Soho, valuing the Hong Kong-listed developer at HK$26 billion (US$3.34 billion)
  • The parties cited lack of progress in meeting the deal conditions by its December deadline

Topic |   China property
Galaxy Soho real estate project in Beijing, designed by Zaha Hadid Architects. Photo: Handout Galaxy Soho real estate project in Beijing, designed by Zaha Hadid Architects. Photo: Handout
Galaxy Soho real estate project in Beijing, designed by Zaha Hadid Architects. Photo: Handout
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