Ping An Insurance (2318) is considering joining Sun Hung Kai Properties (0016) in developing the record-breaking HK$42.23 billion commercial site atop West Kowloon station, local media reported. Ping An may want to own one of the three buildings to be built on the site, which was secured by SHKP in November last year. Raymond Kwok Ping-luen, chairman and managing director of SHKP, invited long-term investors to join in the development of the Austin Road project in November. Kwok's family has invested HK$9.4 billion for a 25 percent interest in the project.

Source: The Standard January 14, 2020 07:30 UTC