Li Ka-shing has sold a Shanghai office and retail complex to a company majority owned by China Life Insurance Co for 20 billion yuan. Photo: AP Photo

Li Ka-shing sells Shanghai complex for US$2.95 billion while yuan takes a tumble

Buyer of the complex is majority owned by China Life, whose shares lost 1.5 per cent in early trading on Thursday

Topic |   Cheung Kong

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Li Ka-shing has sold a Shanghai office and retail complex to a company majority owned by China Life Insurance Co for 20 billion yuan. Photo: AP Photo
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