Brief: Hang Lung Properties Says Got Letter From Land Registry Of Govt Of HK Special Administrative Region

Hang Lung Properties

30/12/2020 08:41

Dec 30 (Reuters) - Hang Lung Properties Ltd  0101.HK :
    * ON 21 DEC, CO & UNIT, VIA LEGAL ADVISERS, GOT LETTER FROM
LAND
REGISTRY OF GOVERNMENT OF HK SPECIAL ADMINISTRATIVE REGION
    * REFERS TO MOA REGARDING ACQUISITION OF RURAL BUILDING LOT
NO.357
ENTERED BETWEEN U.S., CO & UNIT
    * LETTER SAYS LAND REGISTRY UNABLE TO REGISTER MOA UNLESS
WRITTEN
EVIDENCE PRODUCED DEMONSTRATING COMPLIANCE BY GOVERNMENT OF U.S.
    * LETTER FROM LAND REGISTRY STIPULATING, AMONG OTHERS, US
CONSULATE GENERAL IN HONG KONG SAR IS NOT A COMMERCIAL ENTITY
    * TENDERER INFORMED U.S. ON 24 DEC THROUGH RESPECTIVE LEGAL
ADVISERS, IT WAS READY, WILLING AND ABLE TO PROCEED WITH
COMPLETION
    * COMPLETION DID NOT TAKE PLACE AS SCHEDULED AT OR BEFORE
NOON ON
30 DEC
    * PARTIES AGREE TRANSACTION INVOLVES FOREIGN AFFAIRS,
DIPLOMATIC
MATTERS WITHIN PREROGATIVE OF CHINA, U.S. AS SOVEREIGN STATES
    * HLP AND TENDERER CURRENTLY EVALUATING, TAKING LEGAL ADVICE
ON
APPROPRIATE ACTIONS THAT MAY BE TAKEN IN RELATION TO TRANSACTION

Source text for Eikon:  ID:nHKS9ff0tD 
Further company coverage:  0101.HK 

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