Why Hopewell is going private as HK property flags

Gordon Wu is taking the Hong Kong property firm private for $2.7 billion, or a 47% premium to its traded price. Thomas Jefferson Wu is not joining his octogenarian dad's consortium.

Why Hopewell is going private as HK property flags

Hong Kong's property market may be wobbling but some local property magnates appear hot to trot to back themselves against the souring sentiment, notably Gordon Wu, who is now looking to lead the biggest listed property company privatisation ever seen in the city.  

As chairman of Hopewell Holdings, Gordon heads a family consortium that late on Wednesday offered to take the property and infrastructure group private for HK$21.26 billion $2.7 billion...

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