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Vertical integration

2 November 2017 By Quentin Webb

Tycoon Li Ka-shing is selling out of an iconic tower for a lofty $5.2 bln. The buyers are led by an unlikely owner, a Beijing-backed energy trader, according to a media report. They get just a 2 pct yield as the city’s richest man exits. It all screams top of the market.

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