Lot 3 commercial site at Shui On’s Ruihong Xincheng mixed-use project in Shanghai. Shui On is looking to sell half of its stake to a co-developer, part of chairman Vincent Lo’s “asset-light” strategy to pare debt. Photo: Peggy Sito

Shui On in talks to sell half its Ruihong project in Shanghai

The sale, for an estimated 8 billion yuan, is part of Shui On chairman Vincent Lo’s ‘asset-light’ strategy since 2015 to pare the developer’s debt

Topic |   Shui On Land

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Lot 3 commercial site at Shui On’s Ruihong Xincheng mixed-use project in Shanghai. Shui On is looking to sell half of its stake to a co-developer, part of chairman Vincent Lo’s “asset-light” strategy to pare debt. Photo: Peggy Sito
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